While platinum rose to a new high for the move overnight, prices were unable to retest contract highs from last month. Like silver, platinum appears for many traders to be ignoring physical fundamentals lately as a flight to quality focus generally remains in control of the market. The platinum market had little reaction towards the prospect of a major platinum miner being forced to sell partial ownership to the Zimbabwe government. The German Finance Minister stated that Greece will get no more emergency debt aid if that nation does not receive positive results from ECB and IMF inspectors, which may increase investment demand for platinum from the Euro zone during the near future.
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