Platinum falls to two-week low

Platinum prices fell on Wednesday for the third straight session to a two-week low as the dollar surged against a basket of currencies, weighing on commodities and metals. 

Platinum last traded at $954.35 an ounce, down from the opening of $956.9, with an intraday high at $960.15, and a low at $951.55. 

Platinum's current drop comes amid selling pressures as the dollar rebounded for second straight session against a basket of rivals, nudging metals and commodities lower amid rising tensions in the markets as Britain starts the official process to exit the EU. 

On the other hand, a string of bullish statements from Federal Reserve officials that point to more than three rate hikes this year weighed on prices as well as investments move away to the banking sector away from commodities. 

The dollar index, tracking the greenback against a basket of currencies, rose to 100.05 from the opening of 99.69, with an intraday high at 100.12, and a low at 99.65.