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PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day

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07/22/2013 | 04:36pm CEST
 TOP STORIES: 
 
Anglo American Platinum Swings to Profit 

Anglo American Platinum Ltd. (AMS.JO), the world's biggest platinum producer, swung to a profit in the first half of the year helped by better sales volumes, but the company warned that inflation and the expectation of further supply disruptions will put a strain on margins during the rest of the year.

 
 STORIES OF INTEREST: 
 
Anglo American Platinum Warns Unions Ahead of Wage Talks 

Anglo American Platinum Ltd. (AMS.JO), the world's biggest platinum producer, warned Monday that unrealistic wage demands from unions in South Africa in upcoming negotiations could put more jobs in jeopardy.

 
Seoul To Launch a Spot Market for Gold in First Quarter 

The South Korean government is mining for gold in the nation's underground economy as it hunts for revenue to pay for President Park Geun-hye's spending pledges.

 
 MARKETS: 
 
Spot Gold Hits One-Month High as Dollar Weakens, Shorts Covered 

Gold prices surged to one-month highs Monday as the dollar retreated and a break above $1,300 a troy ounce prompted a rush to close out bets that gold prices would fall.

Write to Simon Varcoe at [email protected]

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