While July platinum was able to extend Friday's large rebound during the overnight session, the market has fallen back from those highs during early morning trading. Platinum has shown little reaction to news that Germany might be conducive to a more definitive fiscal union in the EU, as some traders feel that last week's late recovery bounce of $59 an ounce could leave the market vulnerable to an additional pullback. As with the rest of the metals markets, platinum appears to be hopeful of some supportive central bank action later this week but that focus could be secondary, if there is any further progress on a fresh plan for Europe.