Thursday, April 19, 2007

Platinum Falls From 5-Month High on Decline in Asian Stocks, Gain in Yen

(Bloomberg) -- Platinum declined after reaching a five-month high as the yen's gain against the dollar and a fall in equity markets prompted some investors to sell. Platinum futures in Tokyo declined after climbing to a record.

China's benchmark CSI 300 Index fell 4.7 percent, the most since Feb. 27, before the government said the economy expanded a faster-than-expected 11.1 percent in the first quarter. The report suggested that interest rates may need to rise further to prevent overheating.


Read more at Bloomberg Commodities News

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