Platinum climbs 3.0 percent to hit highest level since 2014

NEWS IN ENGLISH

The price of platinum rose more than 3.0 percent on Monday as demand for the metal across the auto industry rises with more manufacturers turning to electric vehicle production.


Jaguar Land Rover Automotive PLC intends to fully switch to the manufacturing of electric cars, the company's CEO Thierry Bollore unveiled, adding the carmaker "will welcome six pure-electric variants" in the next five years.


Platinum jumped 3.16 percent to go for 1,293 dollars per ounce, reaching its highest level since September 2014. The price of palladium added 0.20 percent, trading for 2,395.95 dollars per ounce at 9:21 am ET, silver rose 1.17 percent to sell for 27.58 dollars per ounce, while gold slid 0.12 percent to go for 1,818.54 dollars per ounce.

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