Morning Platinum Market Report

January platinum fell towards the lowest trading levels since October 24th during the early trading today and that seems to suggest form any traders that platinum may still be suffering from fears of global macro economic slowing. While platinum hasn't shown a strong reaction towards to supply side developments lately, it is possible that news of a strike resolution (at a South African platinum mine) may be weakening prices today. Like gold and silver, platinum is probably seeing some outside market pressure from currencies and equities, but many in the market would agree that Euro zone debt problems are the primary source of today's early negative price action. Major credit rating agencies have downgraded the sovereign debt of Portugal and Hungary to junk status, which strength investment platinum demand in those two nations.