Platinum glides off one-year peak

Platinum prices fell on Friday away from a one-year high hit yesterday, as the dollar advanced versus a basket of major rivals, weighing negatively on the metal's prices. 

Platinum last traded at $1,099.6 an ounce, down from the opening price of $1,107.25, with a session-high at $1,109.5, and a low at $1,098.2. 

Platinum's decline comes amid lower demand on commodities in the markers due to persistent worries over the impact of Britain's exit from the European Union on growth forecasts. 

On the other hand, the dollar rose against a basket of major currencies to a four-month height on higher demand on the greenback as its European peers tumble away, pushing platinum further downwards according to its inverse relation with the dollar. 

The dollar index, gauging the U.S. currency's performance against a basket of six major rivals, last traded at 97.10, compared to thee opening of 96.83, with an intraday high at 97.16, and a one-week trough at 96.81, as investors take refuge in U.S. treasury bonds, while the dollar draws support from recent upbeat data.