Morning Platinum Market Report 10/12

 
on October 12 2012 10:17 AM

Platinum has started off Friday's trading session under pressure but the January platinum contract has remained well above the prior session's lows. Platinum may be finding some residual support from yesterday's news of a minor decline in South African platinum production during August. Some traders feel that platinum prices are likely to take most of their direction from US equities, especially if there is a minor rise in the US PPI figures. At least in the early action today, platinum prices don't seem to be having much of a reaction towards news of ongoing violence in South African platinum mining facilities. 

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