Like gold, the platinum market is starting out with moderate gains today and has been able to extend last Tuesday's rebound from 2-month lows. Some traders are pointing towards a shift in expectations for the potential of US monetary easing as a supportive factor for platinum. While there will be a speech by Fed Chairman Bernanke after today's close, that speech might take on added importance in the event that upcoming US economic data is weaker than market expectations. Platinum might receive additional support from reports of a $2,000 platinum price forecast from a Russian mining executive.
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