Morning Platinum Market Report 9/17

By Roger Baettig | September 17 2012 10:28 AM

After a strong rally last week, platinum prices overnight have fallen back from Friday's high for the move. Fresh and aggressive easing talk from the Federal Reserve was seen as a major component for last week's rally but the market's main source of support remains the ongoing labor unrest in South Africa.

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With nearby platinum prices rising another $109 an ounce above the level where the last Commitment of Traders report was measured, some traders feel it likely that the combined Non-Commercial and Non-Reportable position will manage to post yet another record high in the next readings.

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