“”silver price”” – Google News
Gold to silver ratio tests three-decade high, eyes 1991 level of 100 Business Standard
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Silver Price – BingNews
This is the reason why gold is getting stronger as a safe haven and prices are seeing a rise. The Indian rupee was trading at a low of 65 paise at 73.99 against a dollar in the opening session on …
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Silver Price – BingNews
This is the reason why gold is getting stronger as a safe haven and prices are seeing a rise. The Indian rupee was trading at a low of 65 paise at 73.99 against a dollar in the opening session on …
The post Gold and silver prices touching sky again, know today’s rates appeared first on WorldSilverNews.
The price of rhodium has soared recently. What about this precious metal makes it so appealing, and what’s behind the recent rhodium frenzy? Learn more about this unique precious metal as we share various global insights.
According to the Live Science website, rhodium is a silver-white metallic element that’s highly reflective and resistant to corrosion. It’s the rarest and most expensive precious metal in the world.
Rhodium is one of six metals in the platinum group, according to Live Science. The others are platinum, palladium, osmium, iridium, and ruthenium.
Live Science notes that the name “rhodium” comes from the Greek word “rhodon,” meaning rose. Rhodon refers to the rose-red color of rhodium’s salts.
Rhodium is usually combined with other materials, such as platinum or palladium, as part of an alloy, according to the Thomas Jefferson National Accelerator Facility. These alloys appear in items such as furnace coils, aircraft engines, electrodes for aircraft spark plugs, and laboratory crucibles.
The most common use for rhodium, though, is in vehicles’ catalytic converters, either as a standalone element or in tandem with palladium or platinum. Rhodium catalysts help cut down on nitrous oxide in vehicle exhaust.
“Without rhodium catalysts, the air in our cities would be much worse due to vehicle exhausts,” Live Science points out.
More than 80% of the demand for rhodium comes from the automotive industry, S&P Global Platts reports.
Because rhodium “is quite brilliant and resistant to tarnishing,” it’s also used as a finish for jewelry, searchlights, and mirrors, Live Science adds.
English chemist William Hyde Wollaston discovered rhodium in 1803, according to Live Science. He extracted rhodium from platinum ore that he found in South America.
Rhodium is stable enough to be found in its pure form, the Minerals Education Coalition says. It’s a byproduct of platinum, palladium, nickel, and copper mining in the U.S., Russia, and South Africa.
Seattle TV station KIRO reports that because rhodium is found only in small amounts, it’s challenging to mine. Mines in South Africa produce more than 80% of the world’s supply of rhodium.
In February 2020, the price of rhodium topped $12,000, its highest mark in at least 15 years. A month later, the price of rhodium was hovering around $12,500 an ounce. By comparison, palladium was trading at around $2,400 an ounce, gold was sitting at close to $1,600 an ounce, and platinum was inching toward $860 an ounce.
One South African mining executive expects rhodium to continue its upward price trajectory in 2020. Stepped-up production of environmentally friendly catalytic converters has been pushing up demand for the metal, leading to concerns about a supply shortage.
“Everyone needs this metal, and we are seeing speculators now entering the market,” Jonathan Butler, precious metals analyst and head of business development at Mitsubishi, told Kitco News.
Does all of this rhodium talk have you revved up about precious metals? Check out our top recommendations for tracking gold, silver, and other precious metals prices so you can stay informed.
The post What Is Rhodium, and What Is Rhodium Used for? appeared first on U.S. Money Reserve.
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Wise investing starts with watching for price fluctuations in the precious metals market. Spot buying opportunities in our weekly metals market recaps. Get the spot price close; one-week price change; and year-to-date price change of gold, silver, platinum, and palladium for the week of February 28 – March 6, 2020 below. |
| Gold Spot Price Close: | $1,676.55 | |
| 1 Week Price Change: | ▲ $90.10 | ▲ 5.68% |
| YTD Price Change: | ▲ $147.61 | ▲ 9.65% |
| Silver Spot Price Close: | $17.32 | |
| 1 Week Price Change: | ▲ $0.64 | ▲ 3.85% |
| YTD Price Change: | ▼ -$0.71 | ▼ -3.96% |
| Platinum Spot Price Close: | $904.15 | |
| 1 Week Price Change: | ▲ $37.73 | ▲ 4.35% |
| YTD Price Change: | ▼ -$61.37 | ▼ -6.36% |
| Palladium Spot Price Close: | $2,571.50 | |
| 1 Week Price Change: | ▼ -$37.17 | ▼ -1.42% |
| YTD Price Change: | ▲ $623.60 | ▲ 32.01% |
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“”silver price”” – Google News
Gold zooms by Rs 2,000 in a week on coronavirus, silver up marginally Business Standard
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Kitco News
(Kitco News) – The Federal Reserve surprised markets earlier in the week with an emergency 50-basis-point interest rate cut. This, in turn, has helped the gold market see its best weekly performance in 11 years.
The post Gold price is on a path to $1,700 but volatility will be high – analysts appeared first on WorldSilverNews.
Kitco News
(Kitco News) – By the time this newsletter will be published today, who knows where the S&P 500 and Dow will be, these are the times we are living in.
The post Coronavirus : blip or black swan? appeared first on WorldSilverNews.
Kitco News
(Kitco News) – A seismic event at AngloGold Ashanti’s Mponeng Mine, the world’s deepest gold mine, killed three miners yesterday.
The post Three miners killed after seismic event at world’s deepest gold mine appeared first on WorldSilverNews.
Kitco News
(Kitco News) – An explosion at Amplats smelter in South Africa is expected to knock nearly 1 million PGM ounces off its 2020 guidance and has sent platinum group metals prices into a tizzy.
The post Amplats’s force majeure rocks platinum group metals appeared first on WorldSilverNews.