Friday, 27 July 2007

Platinum Rises in London on Speculation Yen Gain Will Spur Demand in Japan

(Bloomberg) -- Platinum rose in London on
speculation gains in the yen against the dollar will spur
investor demand in Japan. Palladium declined.

The Japanese yen headed for the biggest weekly advance
against the dollar in almost five months. Platinum traded in
dollars has climbed 16 percent this year, partly on speculation
wage talks will end in a strike in South Africa, the world's
biggest supplier of the metal used in jewelry and car parts.


Read more at Bloomberg Commodities News

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