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10/23/2020, 4:22 PM (Source: TeleTrader)
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Platinum jumps over 3% to reach one-month high

The price of platinum climbed more than 3% on Friday as the car industry eyes recovery from the coronavirus crisis.

According to the European Automobile Manufacturers Association's data, car sales in the European Union went up by 3.1% annually in September, while China's vehicle sales surged 12.8% year-over-year in the same month.

Platinum strengthened 3.56% at 10:20 am ET, selling for $917.17 per ounce to reach its highest level since September 21.

Breaking the News / GA