Australia markets closed

Platinum Oct 22 (PL=F)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
Add to watchlist
852.90-53.10 (-5.86%)
At close: 04:59PM EDT
Full screen
Pre. SettlementN/A
Settlement date2022-10-27
Last price906.00
Day's range852.30 - 908.20
  • Bloomberg

    Gold Flirts With Bear Market After Rate Hikes Batter Bullion

    (Bloomberg) -- Gold sank to the lowest level since the early days of the pandemic, caught up in a broad selloff after a slew of central banks followed the Federal Reserve in raising interest rates to cool inflation.Most Read from BloombergBank of England Says Paper Banknotes Only Good for One More WeekLiz Truss’s Historic Gamble With the UK Economy Is Already UnravelingRisk Assets Crushed With Few Signs Drama Is Over: Markets WrapLeaked Study Shows Exxon, Partners Overspent by $138 BillionBullio

  • Bloomberg

    Gold Risks Collapse Into Bear Market as Fed Targets Inflation

    (Bloomberg) -- Gold fell to near a two-year low after Federal Reserve Chair Jerome Powell pledged to crush inflation and the dollar surged to a record, with the precious metal on the cusp of sinking into a bear market.Most Read from BloombergPutin Calls Up More Troops, Resumes Nuclear Threat Over UkraineUkraine Seizes Dozens of Russian Tanks Left by Fleeing ForcesPowell Signals More Pain to Come With Fed Sending Rates HigherUN Latest: South Korean Leader Heard Insulting US CongressA Decision Tre


    Gold Loses Steam, Copper Sinks Further as Hawkish Fed Boosts Dollar Gold prices capitulated recent gains, while copper extended losses on Thursday after an interest rate hike and hawkish message from the Federal Reserve boosted the dollar and weighed heavily on metal markets. Bullion prices initially showed some resilience after the Fed’s decision, bouncing from over two-year lows as investors saw the metal as heavily oversold. Metal markets shared a similar degree of volatility as most other asset classes after the Fed raised interest rates by 75 basis points, as expected.