Morning Platinum Market Report 10/10

on October 10 2012 10:49 AM

With a large selloff during overnight trading, the January platinum contract fell down to the lowest price level since October 1st. Some traders were surprised that platinum showed little reaction to news of a "mass firing" of striking workers at a South African mine. Other traders feel that platinum appears to be under pressure because of slumping macro economic views as well as from minor pressure from the currency markets. 

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