Summary Box: Platinum climbs on supply questions

AP News
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Posted: Feb 22, 2012 3:45 PM
Summary Box: Platinum climbs on supply questions

PLATINUM PROSPECTS: Platinum prices hit their highest level since September as a South African mine strike raised the prospect of smaller global supplies. The mining company has lost 80,000 ounces of platinum production to date.

GLOBAL FOCUS: Investors questioned whether a multi-billion dollar bailout package would be enough to keep Greece from defaulting on its debt. In China, an index showed that the manufacturing sector is improving but remains below expansion levels.

TRENDING HIGHER: Prices are higher for gold, oil, gasoline, wheat, corn and soybeans. Silver and copper fell.