Platinum Falls on Dollar’s Strength

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.