Precious Metals May Fall in New York Trading as Equity Advance Curbs Investor Demand

Bloomberg reports precious metals may decline in New York as European equities rise for a third day, cutting demand for alternative investments.

The market news is quoted as saying,

Silver for December delivery in New York fell 0.4 percent to $41.295 an ounce, cutting its gain to 3 percent this month. Platinum for October delivery was little changed at $1,856.50 an ounce and is up 4 percent this month. Palladium for December delivery rose 0.6 percent to $783.95 an ounce. It’s down 5.3 percent in August.

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