Platinum hits multimonth high, 5% increase in demand seen for the metal

23 April 2010  Reuters

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Gold held steady on Friday after nudging down 0.4 percent the previous day as the dollar climbed to its highest in nearly a year against the euro in the wake of more bad news for Greece.

The precious metal held up on the view that investors in Europe will likely continue to favor gold while they worry about Greece's fiscal situation and the risk of ratings downgrades elsewhere in Europe.

http://www.reuters.com/article/ousiv/idUSTRE6361B120100423