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.
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