(Bloomberg) -- Platinum fell for a second day on
speculation that investor demand will slow as historical charts
signal a one-week drop will accelerate.
Platinum dropped 0.8 percent last week, the first decline
in three weeks after auto catalyst manufacturer Johnson Matthey
Plc said a surplus in the metal may grow in 2007. A close below
$1,300 an ounce will mean that platinum has ``broken short-term
support,'' said Beat Grunder, a Credit Suisse analyst.
Read more at Bloomberg Commodities News
speculation that investor demand will slow as historical charts
signal a one-week drop will accelerate.
Platinum dropped 0.8 percent last week, the first decline
in three weeks after auto catalyst manufacturer Johnson Matthey
Plc said a surplus in the metal may grow in 2007. A close below
$1,300 an ounce will mean that platinum has ``broken short-term
support,'' said Beat Grunder, a Credit Suisse analyst.
Read more at Bloomberg Commodities News
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