Platinum, Palladium Drop as Dollar's Gain Erodes Metals' Investment Appeal

(Bloomberg) -- Platinum futures in New York fell the
most in two months as gains in the dollar reduced the appeal of
precious metals as an alternative asset. Palladium dropped,
erasing earlier gains.

The dollar rose against the euro and the yen today. The
U.S. currency has strengthened versus the euro for three
consecutive weeks, the longest rally since October. Before
today, platinum had gained 15 percent this year, partly on
investor demand.


Read more at Bloomberg Commodities News