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    market news

    Platinum Falls on Dollar’s Strength

    Investing News Network
    Jan. 30, 2012 02:56PM PST
    Precious Metals Investing

    Reuters reported platinum fell on Monday on a stronger dollar and investors shy about risk.

    Reuters reported platinum fell on Monday on a stronger dollar and investors shy about risk.

    As quoted in the market news:

    Supply disruptions in top platinum producer South Africa last week and the potential for electricity shortages in the country has put the platinum price on track for its biggest monthly gain in almost four years.

    The platinum price, down 0.6 percent on the day at $1,605.74 an ounce, has risen by nearly 15 percent in January, the largest rise since the 25 percent increase in February 2008.

    Click here to read the full Reuters report.

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