Platinum prices continue to recover from the aggressive slide in prices seen during the early part of this month. Some traders feel that platinum may be finding some fresh support from the fact that gold and platinum prices have reached parity, while other traders feel that platinum prices may be undervalued if the Federal Reserve steps in to support the US economy again.

In addition, there are many in the platinum markets who feel that economic slowing in the US could discourage the Chinese central bank from additional tightening moves. The Chinese Trade surplus during July was $31.5 billion, above market forecasts and may be an early sign of stronger Chinese industrial platinum demand through the rest of this year.