Precious Metals May Advance as Weaker Dollar, Greek Debt-Default Concern Spur Demand

Bloomberg reports that precious metals may gain in New York as a weaker dollar and concern about Europe’s debt crisis spur demand for alternative investments.

The market news is quoted as saying,

Palladium for September delivery rose 0.9 percent to $755 an ounce. Platinum for July delivery was 0.9 percent higher at $1,746.20 an ounce.

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