Mon, 05 Nov 2012 09:33:16 GMT
Platinum slumped despite renewed supply concerns
Precious metals ended the week in the red territory as US Dollar's appeal, traditional precious metals' hedge, rose ahead of the US presidential elections. Mixed data from the US labour market also pushed the commodity group lower.Gold plunged as strong greenback created heavy selling pressure on the yellow metal. Moreover, increased caution before the US elections due next week weighted