After closing the previous trading day at $1,034.5, Platinum is up to $1,047.5 per troy ounce, which makes for a move of 1.26%/$13 today.
United States Building Permits (Dec) is next today at 13:30 UTC.
On the flip side, following a previous reading of 0.2%, Producer Price Index in United States released yesterday at 13:30 UTC fell short of the -0.1% figure expected by analysts with an actual reading of -0.5%. Highly important Core Retail Sales data from United States beat analyst expectations of -0.4% with a reading of -1.1%. Following a previous reading of -1%, Retail Sales in United States released yesterday at 13:30 UTC fell short of the -0.8% figure expected by analysts with an actual reading of -1.1%.
Rallies can also be seen in other Metals, Gold rises 0.19% to trade around $1,910.7.
While the Platinum future is higher so far today, these Metals commodities are underperforming: after ending yesterday's session at $4.23, Copper lost 4.7 cents and is trading around $4.19. Silver decreases 0.71% to trade around $23.48.
Furthermore, the market is looking at today at 16:00 UTC data for United States Crude Oil Inventories will be released, with an expected decline to -593,000 from the preceding figure of 18.96 million. Today at 13:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 214,000 from the preceding figure of 205,000.
Furthermore, the market is looking at United States Philadelphia Fed Manufacturing Index (Jan) will be released today at 13:30 UTC.
The current year has not been the best for CME Platinum as it lost 4.53% from its highest point of $1,168.8.