(Bloomberg) -- Platinum futures declined in Tokyo
following a fall in the price of the metal for immediate delivery
as a stronger U.S. dollar reduced its appeal as an alternative
investment.
Spot, or cash market, platinum often moves in the opposite
direction of the U.S. currency, which rose against the euro and
traded at a 4 1/2-year high against the yen. A Federal Reserve
report showed manufacturing in the Philadelphia area accelerated
in June at the fastest pace in more than two years.
Read more at Bloomberg Commodities News
following a fall in the price of the metal for immediate delivery
as a stronger U.S. dollar reduced its appeal as an alternative
investment.
Spot, or cash market, platinum often moves in the opposite
direction of the U.S. currency, which rose against the euro and
traded at a 4 1/2-year high against the yen. A Federal Reserve
report showed manufacturing in the Philadelphia area accelerated
in June at the fastest pace in more than two years.
Read more at Bloomberg Commodities News
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