While April platinum made a fresh new high for the move overnight, prices were unable to maintain their strength and have now moved lower for the day. Many traders feel that the platinum market might need to see favorable economic numbers, higher equity prices, and hopes of sustained growth in order to return towards last month's highs near the $1,850 level. EU leaders will hold a summit today to discuss ideas for strengthening their current bailout fund, which if successful could pressure the platinum market through weaker Euro zone platinum investment demand. With a series of opening and closing prices around the $1,833.00 level in the April platinum contract, some traders feel that level could be seen as a key pivot point in the trade today.
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