🔴 Swisscanto (CH) Platinum ETF EA CHF is trading 3.03% down today as hawkish Fed expectations and strong jobs data pressure precious metals

Swisscanto (CH) Platinum ETF EA CHF is trading at $387.65 (-3.03%) as a broader risk-off shift and hawkish Federal Reserve outlook weigh on precious metals.

• Strong U.S. jobs data has fueled expectations for a higher-for-longer interest rate environment, dampening the appeal of non-yielding assets like platinum.
• The selloff aligns with wider weakness in equities and commodities as markets position themselves ahead of the upcoming Consumer Price Index (CPI) release.
• The move extends a multi-day decline, suggesting that macroeconomic rates and inflation expectations are the primary drivers of the current price action.