The platinum market initially saw a sharp selloff in the wake of the French and Greek election results but the market was able to recover a large portion of those losses by this morning. However, the overall global macro economic outlook appears to be weakened, especially if political leadership in the Euro zone is significantly reshuffled. Many in the marketplace are concerned that upcoming long term European debt auctions will see a sharp jump in yields as a result of this past weekend's election results. Recent longer term platinum supply and demand news may be a source of pressure for platinum prices, as there has been additional talk of a global supply surplus during the near-term.
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