(Bloomberg) -- Platinum in New York fell to a two- week low as the rising dollar reduced the appeal of the precious metal as an alternative investment. Palladium futures rose.
The dollar today reached the highest in almost three months against the yen and strengthened versus the euro after a government report pointed to resilience in the U.S. labor market. Before today, platinum had climbed 16 percent this year, partly on speculation of rising investor demand.
Read more at Bloomberg Commodities News
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