The platinum market made an upside breakout overnight and in the process the October contract reached the highest price levels since June 13th! Many in the market are watching the relationship between gold and platinum prices very closely. With gold poised for a strong rally in the event that German and French leaders fail to come up with something significant at their summit meeting today, platinum prices could remain well supported during today's session. German GDP during the second quarter was up 0.1%, much lower than expectations and may lead to stronger investment platinum demand from the Euro zone during the rest of this year.
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