October platinum continued to climb higher this morning and has reached a new 4 1/2-month high. Labor strife in South Africa is widely seen as the main source of support for the market, although improving risk sentiment in front of today's ECB meeting may have helped prices with maintaining an upward trajectory this week. While a major South African platinum producer has put together an agreement to end violence at their mine, not all parties have signed onto it which could mean that the current strike could continue for a few more days.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.