Platinum rises 1% as dollar resumes decline

Platinum prices rose nearly one percent in American trade off October 26 lows for the fourth session out of six, as the dollar index fell off January 2017 highs, following earlier labor, housing data from the US. 

As of 02:54 GMT, platinum futures due in December rose 0.71% to $848.09 an ounce off four-week lows, while the dollar index shed 0.22% to 96.62 away from early 2017 highs. 

Earlier US data showed durable goods orders fell 4.4% in October, missing estimates of a 2.2% drop, and compared to September's 0.7% increase. 

Core orders, excluding transportation, rose 0.1%, below estimates of 0.4%.. This report is negative for the greenback. 

US unemployment claims rose to 224 thousand in the week ending November 17 from 221 thousand in the previous reading, revised from 216K, missing estimates of 215K. 

Continuing claims rose 3 thousand in the week ending November 10 fell to 1.668 million, still far above estimates of 1.1653 million.