Platinum prices have recovered from overnight losses but remain in negative territory going into this morning's trading. October platinum prices at their highs yesterday were $113 an ounce above their mid-August low. While many traders feel that residual supply fears remain in place, platinum prices might also be finding strength from favorable outside market action. In addition to a stronger Euro, the market may be finding support from stronger equities, strength in grain prices and firmer energy prices. It is possible that platinum is finding some indirect support from news of legal action against a number of South African gold mining companies for health related production issues.
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