Platinum falls to two-week low as dollar recovers

Platinum prices fell on Wednesday to a two-week low after four consecutive sessions of losses, as the dollar recovered against a basket of main currencies today. 

Platinum last traded at $950.80 an ounce, down from the opening of $956.75, with a session-high at $958.30, and a low at $949.0. 

Platinum's drop comes after the dollar returned higher today from a five-month low after U.S. treasury secretary confirmed that the new tax plan could slash taxes to 15% from 35%. 

On the other hand, gold prices fell amid growing optimism in the markets and rising risk appetite, which kept the pressure on platinum since the first round results of French presidential elections.