Platinum hits six-week high

Platinum prices rose on Friday to the highest in six weeks as the dollar gave up ground against a basket of rivals, while risk appetite was revived in the markets, buoying the metal further. 

Platinum last traded at $1,052.65 an ounce, up from the opening price of $1,028.50, with an intraday low at $1,026.30, and a six-week high at $1,052.90. 

Platinum's current gains came as the dollar fell versus a basket of major rivals today, buoying the greenback-denominated metal futures. 

Risk appetite rose again in the markets after the carnage of Britain's exit from the European Union, in turn restoring demand gradually on commodities. 

The dollar index, measuring the greenback's performance against a basket of six major currencies, last traded at 95.46, compared to the opening of 95.88, with a session-low at 95.40, and a high at 96.08, after the index hit a three-month high this week at 96.70.