After dipping down to $1,076.2, the Platinum future regains earlier losses and goes up to $1,094.3 per troy ounce.
United States ISM Manufacturing PMI (Apr) is next today at 14:00 UTC.
Chart analysis indicates Platinum is $2.8 away from testing key resistance at $1,091.5. Peaking above this level could inspire market bulls and open the path to further gains. Crossed the $1,089 Fibonacci level, next level is at $1,141.5.
Rallies can also be seen in other Metals, Silver rises 1.22% to trade around $25.54.
Though CME Platinum is going up, other Metals are underperforming — Palladium is down to $1,497, losing $13, after closing at $1,510 in the preceding trading session.
Also worthy of note, United States JOLTs Job Openings (Mar) is scheduled for tomorrow at 14:00 UTC. United States ISM Manufacturing PMI (Apr) will be released today at 14:00 UTC.
The commodity has been trending positively for about a month. Approximately 10 days ago, Platinum reached a significant high of $1,141.5 but has struggled to hold onto its gains and declined 4.5% since then.