(Bloomberg) -- Platinum for April 2008 delivery gained by the daily limit in Tokyo, rising to a record for the most- traded contract for the metal, as the dollar held near a five- week high.
The dollar strengthened to as much as 120.47 yen on May 3, its highest since Feb. 27, and traded at 120.08 as of 9:52 a.m. in Tokyo. An appreciating U.S. currency increases the value of yen-denominated contracts for commodities such as platinum, which trades globally in dollars.
Read more at Bloomberg Commodities News
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