The platinum market continues to recover from last week's severe selloff that resulted in a high to low decline of $122 an ounce. Platinum appears for some traders to be receiving some carryover support from strength in the gold market, as gold prices this morning are more than $33 an ounce above platinum prices. Chinese CPI during July was up 6.5% year-on-year, higher than expectations and may indicate that Chinese investment demand for platinum will remain at elevated levels through the rest of this year.