The metals and the brent become cheaper

The appreciation of the US dollar after the Fed hinted that it would raise more interest rates this year, had an adverse effect on the prices of precious metals and oil.
Silver fell to 15.40 dollars per ounce, while platinum fell to 815 dollars per ounce. Gold is traded early this morning at $1,217 an ounce.
Oil has also been affected by the appreciation of green money and has continued its decline since the last two days. On Wednesday the raw material lost 2.5% of its value.
Earlier this morning, the Brent was traded at $71.90 a barrel and US crude at $68.4.
Oil prices are influenced by the effects of continuing tensions in world trade, but market participants are worried about any slowdown in economic growth around the world.

Platinum under $800

The price of platinum has collapsed. It fell below $800 per ounce, marking a record low in its history. The noble metal started with its decline a week ago but only yesterday lost more than 5% of its value.
The prices of other precious metals also fell. Gold fell below the support level of $1,250 and fell to $1,238 per ounce.
Silver is trading early this morning at $15.78, or its lowest value since November last year.
The platinum and gold price ratio is at a record low of 0.646.
The sharp decline in platinum prices is largely determined by fears that US duties on aluminum and steel will reduce demand for platinum.
The strong dollar and the decline in demand for diesel cars, whose platinum catalysts are used, are other reasons for the decline in platinum prices.
There are also some concerns about manipulating the price of platinum. The fall of the metal below $811, which is a bottom since 2004, has increased panic sales of investors. Many stop losses were taken, which further prompted the supply of precious metal.
Whether levels of less than $800 would not have been a good time to buy, we're going to see very soon.

The gold and platinum fall

Despite the observed return of the dollar against other major currencies, gold and platinum fell. The yellow metal dropped to $1,290, where it now finds strong support.
However, according to technical analysts, if gold falls below $1,290, we can see a further decline in the price of precious metal to $1,280 and further to $1,270.
Platinum has returned below the psychological limit of $900, and now the point is, will the level of support remain at $890 unpierced.
If the metal returns over $900 and moves away above the level, which is likely to be a strong drag area, we can see a further appreciation of the metal.
But to a large extent, the movement of precious metals will continue to be predetermined by geopolitical factors such as trade relations between the US and China, as well as the direction of the dollar's movement relative to other major currencies.

Gold fell after the ECB meeting

Gold lost ground during yesterday trading, after the ECB left interest rates unchanged. The spot price of the precious metal fell by 0.6 percent to 1337.40 dollars for an ounce. Futures for deliveries in December retreated to 1341.60.
Important resistance level for the gold is the area around 1352. The first major support is 1327 dollars.
Platinum fell by 0.6 percent to 1078.20 dollars for an ounce, after on Wednesday failed to reach a 2-week high. Palladium retreated by 0.25 percent to 685.25 and the silver is down by 0.90% to 19.58 dollars for an ounce.
Oil prices rose to 47.60 dollars for a barrel after data on oil stocks in the US. For the week to September 3 stocks fell by 14.5 million barrels. Preliminary estimates of economists was for growth by 0.6 million barrels.