Morning Platinum Market Report 10/11

on October 11 2012 10:05 AM

Like the rest of the metals complex, platinum has started out with moderate gains. Some traders feel that platinum prices were lifted by news of a 1.9% decline of South African platinum production for the month of August, while other traders feel that platinum continues to find some support from unresolved labor issues in South Africa. There were some reports overnight of a possible settlement, and that news might have been responsible for the initial spike down slide to $1,663.40 in the January platinum contract. 

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