Platinum jumps more than 3 pct on bargain hunting

Tue Oct 7, 2008 5:32am BST
 
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 SINGAPORE, Oct 7 (Reuters) - Platinum jumped more than 3
percent on Tuesday on bargain hunting, having fallen to its
weakest in almost three years the previous day, with firm gold
also boosting prices.
 Platinum XPT= was trading at $992 an ounce, up $30.50 an
ounce from New York's notional close on Monday, having hit an
intraday high of $995 an ounce.
 Platinum tumbled to $920 an ounce on Monday, its lowest
level since November 2005, on fears of falling demand following
poor car sales, especially in the United States. Prices are
well below a lifetime high of $2,290 an ounce struck in March.
 (Reporting by Lewa Pardomuan; Editing by Louise Heavens)

 

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