Platinum, Palladium Decline in New York on Dollar's Rally, Interest Rates

(Bloomberg) -- Platinum fell the most in three
weeks in New York as the dollar strengthened, reducing the
appeal of metals as alternative investments to stocks and bonds.
Palladium also dropped.

The dollar rose for the sixth straight day against the euro
and gained versus the yen after a government report showed U.S.
retail sales increased more than economists had forecast.
Precious metals are traded in dollars and often move in the
opposite direction of the U.S. currency.


Read more at Bloomberg Commodities News