Platinum prices have started out under some pressure this morning, with October platinum spending a lot of time this morning below the prior session's low. While platinum hasn't paid a lot of attention to classic physical supply news lately, the market is probably seeing some pressure off news of an increase in 2nd quarter platinum production by Russian miner Norilsk. Recently platinum has mostly seen evidence of declining production, and therefore the Norilsk news overnight may garner some attention in the marketplace. While platinum may not as dependant on central bank easing as the gold market for support, the market will probably have a noted reaction to the decision of the Fed this afternoon.
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