Platinum Selloff Takes Centers Stage As Commodities Rebalance

heavily thanks to a stronger USD as well as a looming taper in the Fed’s bond-buying program. In a virtual speech to the Fed’s annual Jackson Hole symposium in Kansas City, Federal Reserve Chair Jerome Powell said the central bank could begin reducing its monthly bond purchases this year, though he did reassure the markets that the Fed will not be in a hurry to begin raising interest rates thereafter.

But that has not done enough to calm market jitters. Related: Saudi Forces Thwart Houthi Attack On Oil City According to Standard Chartered…