Monday, 09 July 2007

Platinum Futures Rise in Tokyo as Yen Drops Versus Dollar, Euro; ETFs Gain

(Bloomberg) -- Platinum futures in Tokyo gained for
a fourth day in five as the yen weakened and some analysts said
they expected investors to buy more platinum through exchange-
traded funds, or EFTs.

The Japanese currency dropped to a record low against the
euro and to its weakest in nine days against the dollar today in
Asian trading. Investment in ETFS Physical Platinum, a London-
based fund, rose by a third in the week ending June 28.


Read more at Bloomberg Commodities News

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