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.
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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