Platinum prices back off two-month high

Economies.com
2017-01-06 14:31PM UTC

Platinum prices fell on Friday after hitting a two-month high, as the dollar recovered today against main currencies, heaping pressure on commodities.
 
Platinum last traded at $967.05 an ounce, down from the opening price of $974.0, with an intraday high at $974.5, and a low at $961.5.
 
Platinum prices rose yesterday to a two-month high at $979.75, before the dollar recovered today from a three-week low, pushing platinum prices lower.
 
Dollar's rise comes despite earlier disappointing U.S. employment data, which showed a drop in new jobs, while the unemployment rate rose, but the dollar held on, which weighed on platinum.
 
The dollar index, measuring the greenback against an array of six major peers, rose to 102.05 from the opening of 101.39, with an intraday high at 102.11, and a low at 101.36, after falling to a three-week low yesterday at 101.27.

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