Platinum falls to two-week low

Platinum prices fell on Thursday to a two-week low as the dollar surged against main currencies following the Federal Reserve's meeting yesterday, which weighed on commodity prices.
 
Platinum last traded at $914.90 an ounce, down from the opening of $927.25, with an intraday high at $934.85, and a low at $910.45.
 
Platinum's drop comes after the Fed hiked interest rates for the second time in a decade, raising worries about investments moving away from commodities, with platinum falling alongside other metals.
 
Additionally, the dollar surged to a 14-year high amid strong support from the bank's decision, with the Fed preparing for three more hikes in 2017, after expectations pointed to only two hikes.
 
The dollar index, tracking the greenback against a basket of main rivals, surged to 102.94 from the opening of 102.20, with a 14-year peak at 103.24, and a low at 102.13, with dollar's recovery weighing negatively on platinum prices.