Platinum Futures Hold Near Record High in Tokyo as Mining Costs May Rise

(Bloomberg) -- Platinum futures held near a record
high in Tokyo on speculation wage disputes in South Africa would
push up production costs, and as gains in gold this week lured
investors to other precious metals.

South Africa's National Union of Mineworkers yesterday
rejected a wage increase offer by Impala Platinum Holdings Ltd.,
the world's second-biggest platinum producer, because it wasn't
big enough. Gold for immediate delivery has gained about 2
percent in the past six trading days, drawing buyers to other
precious metals as well, Jonathan Barratt, managing director of
Commodity Broking Services in Sydney, said today by phone.


Read more at Bloomberg Commodities News