29.09.2014 - Precious metals fall
Platinum has fallen to a near-five-year low and gold ended at its weakest price so far in 2014, hit by the combination of a rising US dollar and concerns about global demand. The greenback gained ahead of data next week that include gauges the Federal Reserve will be watching, such as monthly employment numbers. At the same time, worries that slow growth in Europe, China and Japan would curb demand for cars hit platinum prices. Platinum and its sister metal, palladium, are key components in car exhaust filters. Gold for December delivery, the most actively traded contract, fell 0.5 per cent to $US1,215.40 a troy ounce on the Comex division of the New York Mercantile Exchange, its lowest close since December 31, 2013..............................................Full Article: Source
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