(Bloomberg) -- Platinum futures in Tokyo rose as the
dollar held near a more than four-year high against the yen,
boosting the value of yen-denominated contracts for platinum,
which is traded globally in the U.S. currency.
The dollar traded at 123.50 yen as of 12:13 p.m. in Tokyo,
compared with the 123.67 yen touched on June 15, the highest
since Dec. 12, 2002. Gains in gold futures traded in Tokyo also
drew investors to precious metals, including platinum, Kazuhiko
Saito, a strategist at Interes Capital Management, said today.
Read more at Bloomberg Commodities News
dollar held near a more than four-year high against the yen,
boosting the value of yen-denominated contracts for platinum,
which is traded globally in the U.S. currency.
The dollar traded at 123.50 yen as of 12:13 p.m. in Tokyo,
compared with the 123.67 yen touched on June 15, the highest
since Dec. 12, 2002. Gains in gold futures traded in Tokyo also
drew investors to precious metals, including platinum, Kazuhiko
Saito, a strategist at Interes Capital Management, said today.
Read more at Bloomberg Commodities News
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