Platinum rebounds from four-month low as dollar declines

Economies.com
2018-04-06 13:54PM UTC

Platinum futures titled higher in American trade away from December 19 lows as the dollar index fell off early March highs, following earlier data from the US, the world's largest economy, and ahead of a speech by Fed Chair Jerome Powell later today. 

 

As of 01:45 GMT, platinum rose 0.38% to $915.99 an ounce from the opening of $912.55, while the dollar index fell 0.31% to 90.18 from the opening of 90.46. 

 

Earlier US data showed the unemployment rate settled at 2001 lows at 4.1% in March, missing expectations of 4.1%, while average earnings rose 0.3% as expected, up from 0.1% in February. 

 

The economy created 103 thousand new jobs in December, down from 326K in February, revised from 314K, and missing expectations of 188K. 

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