All metals decreased in value on 1/18, with platinum taking the biggest dip.
President-elect Trump recently made comments about the dollar being too strong. Industry professionals were not surprised to hear him say that because a strong dollar goes against what the Trump administrations favors, namely building up manufacturing in America. Why? A strong dollar increases the costs of exports for foreign buyers, and it also threatens the economic stability of emerging-market nations. After a two-decade policy of publicly favoring a strong dollar, Trump is now saying things that are unprecedented by a US president. He has also said that American companies can no longer compete against Chinese companies because of the strength of our dollar.