Platinum rebounds from late 2017 lows as dollar dips

Economies.com
2018-04-02 13:41PM UTC

Platinum futures tilted higher in American trade away from December 29 lows, as the dollar index fell off March 21 highs for the third straight session, ahead of US manufacturing data. 

 

As of 01:34 GMT, platinum rose 0.05% to $932.56 an ounce from the opening of $932.06, while the dollar index dipped 0.08% to 89.90 from the opening of 89.97. 

 

Now investors await the US manufacturing PMI, expected to have dipped to 60.1 from 60.8 in February, while construction spending is forecast to have risen 0.3% in February, compared to no change in January. 

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