(Bloomberg) -- Platinum extended a rally in New
York, heading for its third straight weekly gain, as the
declining value of the U.S. dollar boosted investment demand
and supply concerns strengthened. Palladium also rose.
A weaker dollar boosts the precious metals' appeal as
alternative investments. Platinum has climbed 18 percent this
year while the dollar is down 4.5 percent against the euro.
Platinum rose for a third day amid delivery delays from Lonmin
Plc, and labor disputes at Aquarius Platinum Ltd., Northam
Platinum Ltd. and Impala Platinum Holdings Ltd.
Read more at Bloomberg Commodities News
York, heading for its third straight weekly gain, as the
declining value of the U.S. dollar boosted investment demand
and supply concerns strengthened. Palladium also rose.
A weaker dollar boosts the precious metals' appeal as
alternative investments. Platinum has climbed 18 percent this
year while the dollar is down 4.5 percent against the euro.
Platinum rose for a third day amid delivery delays from Lonmin
Plc, and labor disputes at Aquarius Platinum Ltd., Northam
Platinum Ltd. and Impala Platinum Holdings Ltd.
Read more at Bloomberg Commodities News
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