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Platinum Jan 23 (PL=F)

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
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857.40-2.80 (-0.33%)
At close: 04:59PM EDT
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Pre. SettlementN/A
Settlement date2023-01-27
Last price860.20
Day's range852.10 - 875.80
  • Reuters

    Gold bound for dismal quarter on aggressive rate hike fears

    Gold rose to a one-week high on Friday as the dollar retreated from recent highs but bullion was headed towards its worst quarter since March last year, buckling under fears of impending large interest rate hikes by the U.S. Federal Reserve. Spot gold was 0.1% higher at $1,661.89 per ounce by 1:45 p.m. EDT (1745 GMT) and gained 1.1% so far this week. "The gold market's at an area where we can see some movement higher... (but) that's all dependent on what the dollar does and rates going into the weekend," said Daniel Pavilonis, senior market strategist at RJO Futures.

  • Reuters

    Gold bounces from 2-1/2-year trough as dollar rally cools

    Gold prices rebounded from a 2-1/2-year low on Tuesday as a slight pause in the dollar rally helped restore greenback-priced bullion's allure, although risks from looming rate hikes persisted. Spot gold was 0.5% higher at $1,629.69 per ounce by 1:46 p.m. EDT (1746 GMT), after climbing over 1% to $1,642.29 earlier in the session. "Today is just a little bit of a recovery after some of the extreme weakness seen over recent days ... but I don't think there's really any fundamental change taking place in the gold market," said Ryan McKay, commodity strategist at TD Securities.