Platinum tops $1,000/oz in early NY, gold eyes $500

Newswire

NEW YORK, Nov 28 (Reuters) - Platinum futures briefly topped $1,000 an ounce Monday morning in New York for the first time since 1980, when prices for the metal crucial for automobile anti-pollution systems were last near record highs. Platinum supply is not enough to meet commercial demand for catalytic converters and jewelry, so the fundamentals have factored strongly into the buoyant market. But traders said the rally in platinum was pegged off strong gains in gold and silver. Tokyo ...

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