Morning Platinum Market Report
Thu 03 May 2012 07:27:00 CT
Related Keywords: Metals
Related Keywords: Metals
Like the rest of the precious metals complex, the platinum market has also posted a fresh low for the move this morning and in the process July platinum futures fell down to their lowest price level since April 26th. Ongoing concern of debt problems in the Euro zone, fears of economic slowing in the US and little evidence of a near term change in Chinese monetary policy are widely seen to have July platinum under pressure during the last few sessions. Some traders feel that platinum may need to see much stronger than expected US economic data or evidence that the Fed will respond to a recent pattern of US slowing during the near future in order to improve the overall tone of the market.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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