US platinum slips on dollar’s rebound

- August 27th, 2008

Platinum Investing News reports prices of platinum slipped on Monday as the US dollar rebounded against the currencies, euro and pound. Platinum is often used by investors as a hedge against a weakening dollar, so the dollar’s recovery has made the metal less attractive. Platinum futures for September delivery fell US$6.20 to settle at US$1,435 an ounce … Continued

Platinum Investing News reports prices of platinum slipped on Monday as the US dollar rebounded against the currencies, euro and pound.

Platinum is often used by investors as a hedge against a weakening dollar, so the dollar’s recovery has made the metal less attractive. Platinum futures for September delivery fell US$6.20 to settle at US$1,435 an ounce on the New York Mercantile Exchange.

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