Wednesday, June 6, 2007

Platinum Falls in New York on Concern Rally Was Overdone; Palladium Rises

(Bloomberg) -- Platinum futures fell on speculation
that a rally that drove the precious metal to a record last month
was overdone. Palladium rose.

The price of platinum, a precious metal used as an
alternative investment to stocks and bonds and to make jewelry,
electronics and car pollution-control devices, rose to an all-
time high on May 7. Before today, the price rose 13 percent this
year.


Read more at Bloomberg Commodities News

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