The platinum market has rallied almost $80 an ounce above last week's lows, as the market appears for many traders to be finding support from inflationary expectations and from flight to quality interest. Strong US monthly auto sales figures have some traders feeling that it may be possible that platinum prices are garnering additional support from expectations of strong physical demand. Other traders feel that volatility will increase directly ahead and the platinum market might not be as immune to weakness in equities, as gold and silver. Euro zone Producer Prices during January were up 1.5%, higher than forecasts and the largest single-month rise on record which may project strong industrial platinum from European automakers during the near future.
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