Platinum Futures Fall to Eight-Week Low as Dollar Strengthens Against Euro

(Bloomberg) -- Platinum fell to an eight-week low in
New York amid expectations that recent gains in the dollar
against the euro will cut demand for the precious metal as an
alternative investment. Palladium also declined.

The U.S. currency has gained about 2 percent versus the euro
since touching a record low on April 27. Platinum, traded mostly
in dollars, fell today for the fourth consecutive session,
decreasing 3.3 percent.


Read more at Bloomberg Commodities News