Like the rest of the precious metals markets, platinum has started out the new trading week under pressure. Some traders think that the lack of forward progress on Greek debt talks is responsible for platinum's weakness this morning. It is also possible that rising concern for Portugal is contributing to the pressure on platinum as well as on other physical commodity markets this morning. Other traders feel that platinum may need fresh confirmation improving conditions with the US economy and/or some positive developments from the Euro zone in order to rebound from this week's early losses. Like gold, platinum may have been undermined by the lack of fresh monetary easing from the Chinese, as many markets last week were expecting the Chinese central bank to cut their bank reserve requirements over the weekend.
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