For the fourth day in a row, 2,000 South African Miners from Anglo American Platinum are striking at Amplats, protest planned job cuts.
“Amplats wants to cut about 4,800 jobs. It originally aimed to eliminate as many as 14,000, but scaled back its plans after fierce criticism from the government and unions,” reports Reuters.
Japanese platinum bar ended the day after the 1.4 percent drop last Friday. The price of US platinum bar declined 1.3 percent.
Weakening prices followed two days of improvement as the price of US palladium bar dropped 0.3 percent. Japanese palladium bar held its value last Friday. The price of Chinese palladium bar was essentially unchanged.
Japanese gold bullion prices saw a 0.7 percent decline. The price of Indian gold bullion closed, following a couple days of improvement, the metal’s price weakened by 0.7 percent. US gold bullion ended the day after the 0.7 percent drop last Friday. Chinese gold bullion finished the day down 0.4 percent.
The price of Japanese silver declined 0.9 percent. The price of Indian silver fell 0.8 percent. Chinese silver fell 0.7 percent last Friday. Following a couple days of improvement, the price of US silver weakened by 0.3 percent.