The platinum market has traded lower this morning, and continues to pull back from yesterday's 3-week highs. Some traders feel that flight to quality support for platinum and other precious metals markets has been limited this morning. Other traders feel that platinum prices this week have received some support from favorable auto sales data as well as hopes for solid physical demand ahead.
The leader of the National Libyan council has rejected proposed talks with Libyan leader Muammar Gaddafi, which may keep safe-haven support for the platinum market at elevated levels during the near future.