Platinum appears to be outperforming the rest of the precious metals complex as prices have risen to their highest levels since December 14th, Some traders feel that several analyst price forecasts for platinum may be holding back the market from even further gains, With favorable outside market conditions in place at the start of this morning's session, other traders feel it possible that minor negative factors are likely to be offset by today's strength in metals markets.
Overnight the markets saw the Chinese trade surplus expand, but many also think that the Chinese trade numbers will usher in further monetary easing from the Chinese central bank which should help to improve Chinese platinum demand.