Platinum hits three-month high as dollar dips

Platinum prices rose 1% in American trade to July 10 highs as the dollar index backed off August 20 highs for the fourth session out of five, following earlier retail sales data from the US. 

As of 02:45 GMT, platinum rose 1.06% to $847.14 an ounce, marking three-month highs, while the dollar index shed 0.15% to 95.07 away from two-month highs. 

Earlier US data showed retail sales rose 0.1%, same as August and missing estimates of 0.7%, while core prices fell 0.1%, missing estimates of a 0.4% addition. 

The Empire State Manufacturing index rose to 21.1 from 19 in August, besting estimates of 20.4, while wholesale inventories rose 0.5%, adding to the 0.6% increase in July.