(Bloomberg) -- Platinum rose in New York after the
dollar fell to a record against the euro, boosting the precious
metal's appeal as an alternative investment. Palladium also
gained.
Gold, silver and platinum often move in the opposite
direction of the dollar. The euro climbed to $1.3784 today, the
highest since the currency's debut in 1999. Before today,
platinum had climbed 15 percent this year and reached a record
$1,353.80 on May 7.
Read more at Bloomberg Commodities News
dollar fell to a record against the euro, boosting the precious
metal's appeal as an alternative investment. Palladium also
gained.
Gold, silver and platinum often move in the opposite
direction of the dollar. The euro climbed to $1.3784 today, the
highest since the currency's debut in 1999. Before today,
platinum had climbed 15 percent this year and reached a record
$1,353.80 on May 7.
Read more at Bloomberg Commodities News
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