Economic Calendar

Monday, August 4, 2008

Platinum Futures in Tokyo Fall by Limit on Car Demand Concern

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By Aya Takada

Aug. 4 (Bloomberg) -- Platinum futures in Tokyo fell by the daily price limit of 300 yen per gram to the lowest in more than six months on concern slowing auto sales may curb demand for the metal used in car catalysts.

Platinum for June delivery fell 300 yen, or 5.1 percent, to 5,567 yen a gram ($1,610 an ounce) on the Tokyo Commodity Exchange at 10:29 a.m. local time.

To contact the reporter on this story: Aya Takada in Tokyo atakada2@bloomberg.net


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