SINGAPORE: Gold rallied to its highest level in 28 years yesterday as investors poured money into the precious metal due a struggling US dollar and tensions between Turkey and Iraq.
Platinum held near a record high on supply concerns following the closure of two mines in South Africa. Anglo Platinum, the world's biggest producer, said it expected to lose up to 1,300 ounces of refined platinum a day after it closed two more shafts at its largest mine.
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