(Bloomberg) -- Platinum was little changed in New
York amid expectations that recent dollar gains against the euro
will cut demand for precious metals as an alternative investment
to stocks and bonds. Palladium declined.
The dollar has gained 1.7 percent versus the euro since
touching a record low on April 27. The U.S. currency traded at
$1.3419 per euro at 8:59 a.m. in New York, from $1.3448
yesterday. Platinum, traded mostly in dollars, fell to the lowest
closing price in seven weeks yesterday.
Read more at Bloomberg Commodities News
York amid expectations that recent dollar gains against the euro
will cut demand for precious metals as an alternative investment
to stocks and bonds. Palladium declined.
The dollar has gained 1.7 percent versus the euro since
touching a record low on April 27. The U.S. currency traded at
$1.3419 per euro at 8:59 a.m. in New York, from $1.3448
yesterday. Platinum, traded mostly in dollars, fell to the lowest
closing price in seven weeks yesterday.
Read more at Bloomberg Commodities News
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