The platinum market posted a fresh new high for the move during overnight trading, and in the process platinum reached up to the highest price level since November 15th. Like other physical commodities, platinum appears to found support from the prospect of a Greek debt swap deal. Some platinum traders might be more optimistic towards platinum's future prospects because of the US Fed Chairman's testimony yesterday, as he seemed to encourage Congress to make a decision on the Bush tax cuts. However, platinum might have been found some pressure from news overnight of potential forward movement on an undeveloped deposit even though that supply news may not have an impact on prices until well into the future.
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