While the July platinum contract initially made a sharp selloff overnight, the market was able to recover a sizable portion of those early losses. However, seeing July platinum prices fall down to their lowest level since January 25th in the face of slightly higher US equities was widely thought to be a negative factor for the market. Like gold and silver, the platinum market found support from a positive metals price forecast from a major global financial firm. In addition, a further rebound in global equity markets this morning has been widely seen as a positive factor for platinum prices.
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