PGMs Rise Sharply on Risk Tolerance, Weak USD

"Platinum group metals are sharply higher largely in response to moves in other markets."

Platinum group metals are sharply higher largely in response to moves in other markets, more-so than any PGM-specific news, says one trader. "They're riding the tailwinds of the better equities, better U.S. earnings (reports), the weak dollar and high euro," he says.

Global risk appetite is on the pick-up after a strong report on U.S. existing-home sales and decent corporate earnings, particularly Intel. A stronger dollar tends to boost commodities generally, and the euro rose above $1.45 against the greenback in response to the improved risk sentiment and also a favorable Spanish debt auction that temporarily alleviated some of worries about euro-zone debt issues widening.

Just before 10:30 a.m. EDT, July platinum was up $35.20 to $1,806.50 an ounce on the New York Mercantile Exchange, while June palladium was up $30.65 to $761.75.

Idaho Gold Project Could Produce One-Third of Critical Antimony for US
Source: Streetwise Reports (04/18/2024)

Perpetua Resources Corp.'s Stibnite gold project in Idaho is also expected to provide as much as 35% of the United States annual demand for the critical metal antimony. Find out why analysts are recommending this developer.

Vancouver Explorer Sees 'District-Scale' Project in Colo.
Source: Streetwise Reports (04/18/2024)

Metallic Minerals Corp. announces that all four holes drilled at its Newmont-backed La Plata project in Colorado intersected porphyry-style mineralization from the surface and over their entire lengths.

Field Work Points to Copper Porphyry at Idaho Asset
Source: Streetwise Reports (04/18/2024)

To prove this out, the Canadian company plans additional exploratory work, to commence next month. Read on to learn more about this compelling project.

Gold Co. Sets New Drill Targets for Mexican Project
Source: Streetwise Reports (04/18/2024)

Centenario Gold Corp., fresh off the results of its maiden drilling program at its Eden gold-silver property in Mexico, is outlining new drill targets across the property. At the same time, prices for the precious metal are taking off.

Franco Will Increase Production Without Cobre Panama
Source: Adrian Day (04/17/2024)

Global Analyst Adrian Day looks at first-quarter results from three resource companies, as well as recaps Francos annual "investor day." Overall, he believes the results were positive.