LONDON, Sept 11: Platinum slipped more than 4 per cent and palladium 5 per cent in Europe on Thursday as fears over the outlook for automotive sector demand sparked selling.

The dollar’s rise to a one-year high against the euro is undermining interest in all the precious metals, analysts said.

Spot platinum fell to a session low of $1,126 an ounce, its weakest level since Jan 2007, before recovering to trade at $1,145.00/1,155.00 an ounce against $1,176.00/1,196.00 late in New York on Wednesday.

—Reuters