While platinum prices this morning have started out weaker this morning, the market remains within last Friday's trading range. Some traders felt that platinum prices didn't appear to be definitively undermined by a price forecast cut from an analyst for a major platinum mining company. At least in the early action today, platinum was losing to gold in an environment that appeared for some traders to be negative for industrial commodities. Concerns toward Spain and Italy could easily push sentiment in metals markets back toward a "risk-off" stance. However, the better than expected US Non farm payroll result at the end of last week has provided some measure of confidence throughout global markets.
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