Platinum climbs off two-week low, dollar loses ground

Platinum prices rose one percent in American trade away from September 18 lows, as the dollar index backed off August 20 highs, following earlier labor data from the US. 

As of 01:56 GMT, platinum prices rose 0.70% to $831.54 an ounce away from two-week lows, while the dollar index shed 0.05% to 95.71 away from six-week highs. 

Earlier US data showed unemployment claims fell 8 thousand in the week ending September 29 to 207 thousand, while continuing claims fell 13 thousand to 1.650 million in the week ending September 22. 

Federal Reserve Governor Randal Quarles spoke about trends in community banks at the Community Banking in the 21st Century conference at the Federal Reserve Bank of St. Louis.