Platinum plumbs late-2017 lows as dollar marches higher

Economies.com
2018-04-03 13:56PM UTC

Platinum futures fell over one percent in American trade to December 28 lows as the dollar index rose to March 21 highs, amid a lack of data from the US, the world's largest economy. 

 

As of 01:46 GMT, platinum prices were down 1.21% to $932.19 an ounce from the opening of $934.46, marking four-month lows, while the dollar index rose 0.19% to 90.22 from the opening of 90.05, hitting two-week highs. 

 

Federal Reserve Governor Lael Brainard is due to speak about financial stability at New York University's Stern School of Business.

 

Jerome will speak as well later this week after the release of the crucial US payrolls report, expected to show the unemployment rate down to 4% in March, with 190 thousand new jobs last month and a slowdown in wage growth to 0.3%. 

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