(Bloomberg) -- Platinum fell the most in two weeks
in New York as a stronger dollar and higher bond yields reduced
the appeal of the metal as an alternative investment. Palladium
also dropped.
The dollar rose for the sixth-straight day against a basket
of six major currencies after a U.S. government report showed
retail sales increased more than economists had forecast. U.S.
10-year Treasuries surged the most since February as speculators
bet that yields at five-year highs will curb inflation.
Read more at Bloomberg Commodities News
in New York as a stronger dollar and higher bond yields reduced
the appeal of the metal as an alternative investment. Palladium
also dropped.
The dollar rose for the sixth-straight day against a basket
of six major currencies after a U.S. government report showed
retail sales increased more than economists had forecast. U.S.
10-year Treasuries surged the most since February as speculators
bet that yields at five-year highs will curb inflation.
Read more at Bloomberg Commodities News
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