Platinum Falls in New York on Stronger Dollar; Palladium Gains on Jewelery

(Bloomberg) -- Platinum fell in New York as the
dollar gained against the euro and the yen, reducing the appeal
of precious metals as an alternative asset. Palladium rose.

The U.S. currency rose to a three-month high versus the yen
and strengthened against the euro. The dollar has gained for
three straight weeks against the euro, the longest rally since
October. Platinum has increased 15 percent this year, partly on
speculation of rising investor demand.


Read more at Bloomberg Commodities News