With the gold market having an extended selloff during a period of adverse currency market activity early today, the outside market action appears for many traders to be having a negative impact on platinum prices. While platinum hasn't made an extended series of new all time highs like gold over the last few months, the October platinum contract did have a rather significant low to high move of roughly $249 an ounce from the June lows. During the month of August alone, platinum rose close to $236 an ounce. German Industrial Production during July was up 4.0%, much higher than expectations and may be a sign of stronger industrial platinum demand from German automakers during the rest of 2011.
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