Morning Platinum Market Report 9/24

 
on September 24 2012 11:07 AM

While platinum has posted sharp losses along with the rest of the precious metals markets during overnight trading, October platinum contract has yet to return to last week's lows. Many traders feel that a return to a "risk-off" environment throughout global markets and rekindled fears of noted global economic slowing are pressuring platinum prices this morning. The fears of lost production from ongoing labor turmoil in South Africa appears to have made little impact on platinum prices today, as a series of negative outside market factors and definitive weakness in physical commodity prices are weighing on platinum to start out the new trading week. 

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