Platinum rises on strong demand

Platinum prices rose today on a surge in demand on safe havens, as investors avoid the volatile stocks markets.

The ongoing trade war still casts a shadow over global markets, which raised concerns over the escalation of the disputes.

This came after the US 10% tariffs decision on a $300 worth of Chinese imports, and the Chinese response of suspending the purchases of the US agricultural products, until the future of the trade talks becomes clear.

As of 14:12 GMT dollar rose against a basket of currencies by 0.2% to 97.4, with intraday high of 97.8 and low of 97.3 points.

By 14:18 GMT, platinum rose by 0.2% to $854.4 per ounce, with a high of $860.6 and a low of $846.3.