Platinum falls to its lowest level in five and a half years
Platinum falls to its lowest level in five and a half years
Tuesday, March 17, 2015 09:52
BAGHDAD / follow Baghdadi News / … Hui platinum, on Tuesday, to its lowest level in five years during the Asian trading affected the strength of the dollar and the decline in gold prices and improved supplies.
And dropped the price of platinum for immediate sale 4% to $ 1098.10 for an ounce, the lowest level since July 2009 and expanded its losses since the beginning of the year to 8%. Platinum is the worst performance of the precious metals since the beginning of 2015.
And damaged the precious metals from the strength of the dollar, which is trading near its highest level in 12 years against a basket of major currencies, with the support of expectations that the US central bank will raise interest rates by June.
Among other precious metals, stabilized the price of gold for immediate sale in Asian trading around $ 1154.00 an ounce, not far from its lowest level since the first in December of $ 1147.10 hit last week.
Traders waited for the Monetary Policy Committee meeting of the Federal Reserve (Fed), which starts on Tuesday, for guidance on the timing of an expected increase in interest rates in the United States. It is expected that the Commission issue a statement at the conclusion of the meeting, on Wednesday. Ended 21 / l
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