Mon, 20 Jan 2014 12:00:24 GMT
Platinum rises on concerns over strikes in South Africa
Platinum traded in New York increased on Monday trading session amid speculation that the South African largest suppliers of the precious metal may start a labour strike starting on January 23 pushing the prices higher. Platinum for immediate delivery gained 0.7% to $1,463.28 an ounce, the strongest level since November 7, while an ounce of platinum buys 1.1656 gold ounces.