Platinum plummets more than 1%, erasing gains

Friday, 14. June 2019 16:51

Price of platinum plummeted on Friday, extending losses after the United States stock market opened, as the data on the consumer confidence in the US showed signs of worsening in May. Other precious metals continued to trade in the green, but erased some of the gains recorded during the early European trade session.

Platinum lost 1.01% of its value, changing hands for $803.83 per ounce at 16:49 pm CET, trading near its ten-day low. Around the same time, spot gold gained 0.41%, changing hands for $1,347.44 per ounce, while the silver added 0.10% to trade for $14.92 per ounce at 16:50 pm CET.

In the meantime, euro traded 0.40% lower compared to the dollar, going for 1.1229 at 16:57 pm CET.

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