🔴 Swisscanto (CH) Platinum ETF EA CHF is trading 3.1% down today as strong U.S. jobs data fuels hawkish Fed expectations

Swisscanto (CH) Platinum ETF EA CHF is trading at $403.40, down 3.1% today, as stronger-than-expected U.S. May jobs data prompted markets to price in a more hawkish higher-for-longer Federal Reserve policy path.

• The decline extends a multi-day slide from levels above $440, driven by rising real yields which have increased the opportunity cost of holding non-yielding precious metals.
• The move is part of a broad-based repricing across the precious metals sector following the employment report rather than any fund-specific news or structural issues.