October platinum has posted moderate losses this morning but has already seen a significant rebound from the overnight lows. Labor problems in South Africa continue to be widely seen as the main source of support for platinum prices, as there is a rising threat that strikes will spread from platinum mines over to gold mines. Weak economic data in the Euro zone has fueled risk anxiety throughout global markets, which some traders feel may have kept platinum prices from rising up into positive territory during overnight trading. Other traders feel that the market will remain focused on developments from South Africa.
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