After posting new 30-year highs earlier this week, the platinum market has seen a large pullback during the past two sessions. With many traders feeling that platinum may be finding support from the outlook for a better global economy as well as ideas that that it is a cheaper alternative to gold, it is possible that weakness in gold prices today will add to the pressure on the platinum market. With expectations for increased physical demand in platinum recently, today's US economic data along with the trading action of the US equity markets have been widely seen as being the major influences for platinum prices. Chinese GDP during the fourth quarter was up 9.8% year-on-year, higher than forecasts and may point towards stronger Chinese industrial platinum demand over the first half of 2011.