Platinum tumbles in spec trading, gold edges up

Newswire

NEW YORK, Nov 22 (Reuters) - Platinum futures dropped more than 5 percent Wednesday, capping a volatile short trading week, weighed down by heavy selling on talk of an exchange-traded fund and profit taking ahead of a U.S. holiday. Sharply lower lease rates and active over-the-counter options trading also pushed platinum lower, traders said. January platinum finished down $65.10, or 5.3 percent, at $1,154 an ounce on the New York Mercantile Exchange's COMEX division. It had plunged as ...

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