Gold rises to near two-week top on euro zone debt woes
Reuters reports investors ditched the euro and turned to gold after Fitch cut Greece's debt ratings by three notches, while silver struggled to catch up with gains in bullion.
Reuters reports investors ditched the euro and turned to gold after Fitch cut Greece's debt ratings by three notches, while silver struggled to catch up with gains in bullion.
IBTimes reports precious metals continued correcting yesterday, with the current rise in the US dollar causing selling in precious metals.
The continuing rise of the greenback coupled with auto industry woes has hit platinum where it hurts the most- market prices. These two factors are causing platinum to continue on a bearish trend.
Platinum prices slipped on Monday as the U.S. dollar resumed its rebound against the euro and the pound. Platinum is often used by investors as a hedge against a weakening dollar, so the dollar's recovery has made the metals less attractive.
Platinum prices declines on Monday as US dollar resumed its rebound against the euro and the pound. For more information, click here
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