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Platinum prices rose 3% on Friday off 10-year lows after U.S. President Donald Trump complained about the strength of the dollar and interest rate increases by the Federal Reserve, pushing the dollar sharply lower.
Meanwhile, hedge funds and money managers switched to a net short position in COMEX gold contracts for the first time since 2016.
Oil prices climbed on Friday against a weakening dollar, however, hedge funds cut bullish bets on U.S. crude for the first time in nearly a month, as global oil prices plunged to three-month lows after Libyan ports reopened.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold, Silver and Oil with the latest price forecast and predictions:
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