Morning Platinum Market Report 10/2

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The platinum market has fallen back from the prior session's highs, and some traders feel that platinum is exhibiting more weakness than either gold or silver in the early Tuesday US trade action. Reports of ongoing labor tensions in South Africa haven not caused a large market reaction during overnight trading.

Many traders feel that platinum prices trading lower due in large part to higher equities, a higher Euro and gains in copper prices. Platinum has seen $90 in gains over the prior 8 days, due in large part to ongoing central bank easing prospects. However, platinum and the rest of the precious metals markets could be vulnerable to positive US economic data.

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