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It subsequently fell to US$774 per troy ounce ($25/g) in November 2008. [8] As of 21 November 2022, the platinum spot price in New York was $980 [9] per ounce, compared to $1,742 per ounce for gold [10] and $20.84 per ounce for silver. [11] Platinum is traded in the spot market with the code "XPT". When settled in United States dollars, the ...
As of 2020, the most expensive non- synthetic element by both mass and volume is rhodium. It is followed by caesium, iridium and palladium by mass and iridium, gold and platinum by volume. Carbon in the form of diamond can be more expensive than rhodium. Per-kilogram prices of some synthetic radioisotopes range to trillions of dollars.
The following months brought a decline in platinum's price below $1,000 per troy oz, precipitating further suspensions and a final price of $1,249.95. When sales were officially ended on December 31, 2008, over a year after its initial release, the Mint reported total sales of 19,583 units.
The price of platinum is expected to average about $1,770 an ounce in 2013, its highest price since 2011. The price spike is due almost entirely to the closure of several mines in South Africa ...
The period from 1999 to 2001 marked the "Brown Bottom" after a 20-year secular bear market at $252.90 per troy ounce. [64] Prices increased rapidly from 2001, but the 1980 high was not exceeded until 3 January 2008 when a new maximum of $865.35 per troy ounce was set (a.m. London Gold Fixing). [65]
However, this legislation was set to expire in April 2016. As a result, the Post Office retained one cent of the price change as a previously allotted adjustment for inflation, but the price of a first-class stamp became 47 cents: for the first time in 97 years (and for the fourth time in the agency's history) the price of a stamp decreased. [32]
The platinum companies called the demand unrealistic and for most of the strike refused to go beyond a 10% wage increase. [1] One estimate suggested platinum would have to hit $2,405 an ounce for the industry to break even if the workers demands were met; platinum sold for roughly $1,430 an ounce when the strike started.
For instance, Canada mints a gold bullion coin (the Gold Maple Leaf) at a face value of $50 containing one troy ounce (31.1035 g) of gold—as of January 2022. The USD to CAD exchange rate averaged 1.129 in July 2009 according to OANDA Historical Exchange Rates. Although the exact moment that the $1,075 figure was determined is unknown, it may ...
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