Platinum continues bearish trend

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Tue, Sep 9, 2008
Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Platinum Investing News reports platinum and its market prices in the fall of auto industry and the rise in greenback.

These two factors are causing platinum to continue its bearish trend. The metal has declined 12 per cent recently, as the US dollar has risen against the euro, instigating investors to pull their money out of the commodities. On Tuesday, for the ninth straight day, the dollar rose against the euro, its longest winning streak since the regional currency’s debut in 1999.

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