Morning Platinum Market Report
Tue 31 Jul 2012 07:36:00 CT
Related Keywords: Metals
Related Keywords: Metals
Like gold and silver, platinum prices are also trading higher to start out today's session as October platinum reached the highest price levels since July 19th. Platinum may have found some support from news of a projected platinum production decline from Anglo American during their second quarter. The platinum market also received an additional production forecast cut overnight from another producer but in recent trading action, the ebb and flow of investment demand been dominant over minor changes in the supply side of the equation. Platinum may find additional strength from the impending FOMC meeting and from gains overnight in energies, US equities and industrial metals prices.
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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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