(Bloomberg) -- Platinum fell for a third successive
day in London because of speculation that gains in the dollar may
erode demand for the metal as an alternative investment.
Palladium advanced.
The dollar's rebound from a record low against the euro
since April has halted a rally in platinum and gold. Before
today, platinum had gained 13 percent this year, partly on
investor demand and speculation that a strike will disrupt
supplies from South Africa, the world's biggest producer.
Read more at Bloomberg Commodities News
day in London because of speculation that gains in the dollar may
erode demand for the metal as an alternative investment.
Palladium advanced.
The dollar's rebound from a record low against the euro
since April has halted a rally in platinum and gold. Before
today, platinum had gained 13 percent this year, partly on
investor demand and speculation that a strike will disrupt
supplies from South Africa, the world's biggest producer.
Read more at Bloomberg Commodities News
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