(Bloomberg) -- Platinum fell in New York as the dollar strengthened, damping the appeal of precious metals as an alternative investment. Palladium rose.
The dollar gained against the euro and yen today after a government report showed housing starts in the U.S. unexpectedly rose last month. Platinum has gained 17 percent this year, partly on speculation that investor interest will increase. Before today, the U.S. currency had fallen about 3 percent this year versus the euro.
Read more at Bloomberg Commodities News
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