(Bloomberg) -- Platinum fell in London on speculation
that declines in the euro against the dollar may curb demand from
European manufacturers for the dollar-denominated metal.
Palladium also dropped.
Europe was the fastest-growing market for platinum last
year, paced by a 10 percent increase in demand from manufacturers
of car catalysts to reduce pollution, a report last week by
London-based manufacturer Johnson Matthey Plc showed. The euro
fell 0.2 percent against the dollar today, adding to its 1.5
percent decline this month.
Read more at Bloomberg Commodities News
that declines in the euro against the dollar may curb demand from
European manufacturers for the dollar-denominated metal.
Palladium also dropped.
Europe was the fastest-growing market for platinum last
year, paced by a 10 percent increase in demand from manufacturers
of car catalysts to reduce pollution, a report last week by
London-based manufacturer Johnson Matthey Plc showed. The euro
fell 0.2 percent against the dollar today, adding to its 1.5
percent decline this month.
Read more at Bloomberg Commodities News
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