UPDATE 2-Platinum tumbles in spec trading, gold edges up

Newswire

(Recasts first paragraph) NEW YORK, Nov 22 (Reuters) - Platinum futures dropped more than 5 percent Wednesday, capping a volatile short trading week, as investors opted to liquidate ahead of a U.S. holiday in absence of any confirmation of a launch of an exchange-traded fund. Sharply lower lease rates, active over-the-counter options trading and profit taking also pushed platinum lower, traders said. January platinum finished down $65.10, or 5.3 percent, at $1,154 an ounce on the New ...

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