Gold Ends Nearly Flat; Platinum Among Top Losers: Report

By Midnight Trader,  September 18, 2012, 02:06:00 PM EDT

Gold futures ended nearly flat on Tuesday, and platinum and palladium were the top losers among key metals futures after news that workers in a South African platinum mine would end their strike, MarketWatch reported.

Gold for December delivery rose 60 cents, or less than 0.1%, to end at $1,771.20 an ounce on the Comex division of the New York Mercantile Exchange. December gold traded as high as $1,775.90 and as low as $1,753.20.

Platinum for October delivery retreated $36.30, or 2.2%, to $1,636.30 an ounce.

According to news reports, workers at a Lonmin Plc mine in South Africa have accepted a pay offer and will return to work after a six-week strike marred by violence. Sister metal palladium, for December delivery, lost $21.75, or 3.2% to end at $667.35 an ounce.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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