Platinum prices rose today on increased haven demand on it as a precious metal amid uncertainty about the upcoming US-China trade talks round.

The US Treasury Department has blacklisted 8 Chinese tech companies today, which bans the US companies from dealing with them.

The decision increased uncertainty about the upcoming US-China trade talks round, which will begin on next Thursday and Friday, with market's expectation mounting.

The decision came contrary to what President Trump said earlier about this round of the trade talks, as he noted that China wants to reach a final deal.

Otherwise, President Trump renewed his calls for the US Federal bank to cut the interest rates more deeply to support growth.

As of 14:29 GMT, platinum spot price rose by 1.3% to $889.4 an ounce, with a session-high of $892.7 and a low of $867.7.

US stocks fell today on mounting concerns about the US-China trade dispute escalation, especially after an unanticipated decision by President Trump administration.

The US Treasury Department has blacklisted 8 Chinese tech companies today, which foreshadows the collapse of the upcoming trade talks round scheduled for this week.

The International Monetary Fund (IMF) warned today that the global economy may lose around $700 billion in output due to the escalating trade disputes.

Otherwise, the US producer price index (PPI) fell by 0.3% in September, which came worse than forecasts of a rise by 0.1%.

President Trump renewed his calls for the US Federal bank to cut the interest rates more deeply to support growth.

As of 14:49 GMT, Dow Jones fell by 1.1% or 300 points to 26,180 points, Nasdaq lost 1.3% or 104 points to 7,851, and S&P 500 dropped 1.3% or 37 points to 2,901.

Bitcoin rose in spot trading today, to continue rising for the second consecutive day, after it successfully rebounded above the $8,000, with retail and institutional investors trying to benefit from the lowest prices in several months, amid the return of quite tradings to the market after a brief period of confusion that followed the unexpected lackluster launch of the Bakkt platform.

At Bitstamp, Bitcoin rose by 1.6% or $133 to $8,344, from the opening of $8,211, with a session-low of $8,211.  

Bitcoin rose by 4.5% yesterday, its first daily gain in the last 5 days and the biggest since September 2nd.

The total market cap of cryptocurrencies rose by $3 billion today, to $225 billion, as Bitcoin continued to rebound and other major cryptocurrencies such as Ethereum and Ripple rose.

The total market cap of cryptocurrencies fell to $213 billion yesterday (the lowest level in a week), to recover around $11 billion in less than 24 hours, and still likely to recover more.

Bitcoin rebounded above the $8,000, with retail and institutional investors trying to benefit from the lowest prices in several months, in a positive sign for the return of quite tradings to the market after a brief period of confusion that followed the unexpected lackluster launch of the Bakkt platform.

The lukewarm reception of the long-awaited Bakkt’s launch is a primary factor behind the recent drop for Bitcoin, while the institutional investors are still hoping for improvements and positive market movements.

Intercontinental Exchange Inc, owner of Bakkt, said that the platform has executed the first block trade of Bitcoin futures contracts between Galaxy Digital and XBTO on October 1st, which can accommodate large trades.

Fundstrat co-founder, Tom Lee, said that Bitcoin moves positively when the US stocks rise, and pointed out that Bitcoin becomes a risk-on asset against global turmoil in some cases, Lee also cited the recent drop of S&P 500 and its relation with the Bitcoin, and said that he's closely monitoring Bitcoin's moves in the next few weeks.

Oil prices dropped more than 1.5% as the US sessions opened today, to extend losses for the second consecutive day, on fears about the US-China trade talks falling apart and renewed oversupply concerns after the Russian Energy Minister's remarks on increasing Russia's production, amid increased market's expectation for the US crude inventories to rise for the fourth consecutive week.

WTI fell by 1.5% to $51.85 a barrel, from the opening of $52.80, with an intraday high of $53.26.

Brent fell by 1.6% to $57.40 a barrel, from the opening of $58.46, with a low of $58.90.

WTI closed lower by 0.2% yesterday, and Brent futures also fell by 0.2%, as prices resumed to drop after rebound attempts from a 2-month low.

During the last week, oil prices shed around 5%, the second weekly loss, after Saudi Arabia announced the full recovery of its oil production capacity, amid mounting fears of a global recession and weak demand.

Otherwise, hopes for the US-China trade talks decreased after the US Commerce Department blacklisted 28 Chinese companies and government agencies over Beijing’s treatment of Uighur Muslims and other predominantly Muslim ethnic minorities.

On the other hand, the Chinese Vice Premier Liu He will meet with the US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin on next Thursday and Friday in Washington.

The Russian Energy Minister, Alexander Novak, told Reuters on Monday that Russia could increase production by 0.3 to 0.5 million barrels per day, if Saudi production problems were to last longer than expected.

The US commercial crude inventories probably grew for the fourth week according to a Reuters preliminary survey, which is a negative sign on demand in  the US.