Platinum edged up on Thursday after a four-day rout on fears about demand from the auto sector following the Volkswagen emissions scandal.
Platinum is used in diesel catalysts to clean up exhaust emissions.
Spot platinum was up at $951 an ounce, after losing about 5 percent in the past four sessions. The metal remained within sight of a 6-1/2 year low of $924.50 hit on Wednesday.
"In the short term, there may be more downside in platinum as more details about the VW situation get uncovered...$900 could be tested, maybe a little bit lower," ABN Amro analyst Georgette Boele said.
Palladium, predominantly used in gasoline catalysts, retreated from an earlier mid-July high, and was higher on the day at $652.25 an ounce.
"The market is obviously pre-empting a possible disruption to the whole diesel catalytic converter sector and we now need to see what the future holds for diesel demand in the U.S. and the reverberations in Europe," Saxo Bank senior manager Ole Hansen said.