Platinum dips as dollar, stocks rebound
Economies.com
2017-04-19 14:22PM UTC
Platinum prices fell on Wednesday for the third session in a row as the dollar rebounded against a basket of currencies alongside the stock market, siphoning demand on commodities.
Platinum last traded at $971.65 an ounce, down from the opening of $980.10, with an intraday high at $982.95, and a low at $968.95.
The dollar managed to rise today away from a two-week trough versus a basket of rivals, hurting commodities and platinum prices today.
Platinum also faced pressure as investors shun safe havens, which showed in higher demand on dollar and the stock market.
Commodities News
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities
Palladium tumbles below $1000 an ounce once again
2024-04-26 15:34PM UTC
Palladium prices fell on Friday as the dollar rose against most major rivals, with the industrial ...
Commodities
Oil prices park at week high as US inventories drop
2024-04-26 13:14PM UTC
Oil prices rose in European trade on Friday, extending gains for the second straight session, with ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Brent Oil Price Analysis Expected Scenario Brent oil price shows additional positive ...
Commodities
Crude oil price forecast update 26-04-2024
2024-04-26 11:01AM UTC
Crude Oil Price Analysis Expected Scenario Crude oil price keeps its stability above ...
Commodities
Silver price forecast update 26-04-2024
2024-04-26 11:00AM UTC
Silver Price Analysis Expected Scenario Silver price provides slight positive trades to ...