Platinum climbs for third session as dollar rebounds from one-week low

Platinum prices tilted higher in American trade away from January 10 lows for the fourth session in a row, marking one-week highs even as the dollar index rebounded from January 6 lows, following earlier data from the US, the world's largest economy. 

As of 02:24 GMT, platinum prices rose 0.04% to $975.64 an ounce from the opening of $975.24, marking January 8 highs, while the dollar index added 0.19% to 89.87 from the opening of 89.70. 

Earlier US data showed retail sales fell 0.3% in January, missing expectations of a 0.2% rise, and compared to December's 0.4% rise, while core sales., excluding automobiles, were unchanged last month, compared to a 0.4% rise in December, while analysts expected a 0.5% rise. 

US consumer prices rose 0.5% m/m in January, beating expectations of a 0.3% rise, and compared to December's 0.1% increase, while core prices, excluding food and fuel, rose 0.3% m/m, beating expectations of a 0.2% rise, and same as December, 

On a yearly basis, consumer prices steadied at 2.1% unchanged from December, beating expectations of 1.9%, while core prices also steadied at 1.8%, above forecasts of 1.7%.