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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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