Monday, May 14, 2007

Tokyo gold down, platinum retreats from record

(Reuters) - Tokyo gold futures fell on Tuesday on profit-taking and platinum futures, which hit a record high the previous day, also retreated as a refiner forecast of a supply surplus this year dampened sentiment.

Johnson Matthey, the world's largest platinum distributor, said in its Platinum 2007 report, released late on Monday, that the market was expected to be in surplus for the second year in a row in 2007.


Read more at Reuters Africa

No comments: