April platinum has taken a sharp drop this morning, and has moved well away from this week's highs for the move by falling to the lowest price levels in a week.
Disappointing UK economic data, news of a 10% increase in first half platinum production from Aquarius Platinum and a stronger Dollar have all been seen as negative factors for the market. Japanese Machinery Orders during December were up 1.7%, higher than expectations and could point to stronger platinum demand from Japanese auto manufacturers.