Platinum climbs to near five-week high

Platinum prices rose on Tuesday to near a five-week high as the dollar gave up ground, while demand rises on commodities. 

Platinum last traded at $987.35 an ounce, up from the opening of $983.65, with an intraday high at $989.15, and a low at $983.25. 

Platinum's current rise comes after the dollar fell against a basket of major rivals to a two-week low following mixed U.S. housing data. 

On the other hand, tensions grew in Europe after U.K. prime minister Theresa May asked for early elections on June 8 to get electoral support for her plan to exit the European Union. 

Additionally, recent polls showed Far-Right Candidate Marie Le Pen still competing strongly in the French presidential elections, raising demand on commodities as alternative investments.