Audio By Carbonatix
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:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Medical Laboratory Governance Beyond Rhetoric: Who should control Diagnostic Services in Ghana?
5 minutes -
Former NDC Branch Chairman covers nomination fees for Klottey Korle Executives
7 minutes -
Two BECE candidates involved in a motor accident in Nkwanta South
8 minutes -
Linda Ocloo did not intend disrespect – Ga Traditional Council calls for forgiveness
10 minutes -
The Ghanaian customer is finally speaking up – that is a win
12 minutes -
NIA workers to strike May 13 over 22-month delay in salary migration approvals
18 minutes -
Tell them you are causing the delays – Judge clashes with Wontumi’s lawyers in court
23 minutes -
I’m Ghanaian at home – UK-based musician Denny opens up on identity, music and life in London
24 minutes -
19-year-old SHS graduate, two others die in suspected generator fume incident at Ablekuma
33 minutes -
Before Mother’s Day: Adults confess childhood secrets they kept from mum
40 minutes -
Road accidents and injuries draining Ghana’s economy says Ambulance Service CEO
44 minutes -
2026 Milo Champions League Finals: Nkawkaw Salvation Army crowned champions Â
45 minutes -
Veep Opoku-Agyemang calls for health sector overhaul as she pushes training reform
46 minutes -
China sentences former defence ministers to death with reprieve
46 minutes -
Emma Wenani named among Ascent Top 100 Career Women in Africa 2026
50 minutes