(Bloomberg) -- Platinum futures rose by the daily limit in Tokyo, reaching a record for the most-active contract, as some traders said U.S. demand for the metal may be better than some had anticipated.
A shallower-than-expected recession in the U.S. may cut demand for cars less than some forecasts, Jonathan Barratt, managing director of Commodity Broking Services in Sydney, said by phone today. Platinum is used in vehicles to filter emissions.
Read more at Bloomberg Commodities News
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