NEW YORK (AP) -- Platinum futures set a record high in New York on Monday on fund buying on a day when global activity was lighter than usual due to a holiday in London.
Gold and silver ticked upward but held in narrow ranges, helped by the continuing softer tone in the U.S. dollar.
July platinum settled up $22.10 at $1,350.90 an ounce on the New York Mercantile Exchange. It peaked at a contract high of $1,353.80, an all-time record for a nearby contract at the exchange.
With no trading in London, all of the activity was concentrated in New York and was thin, said Paul McLeod, vice president for precious metals at Commerzbank.
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