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Morning Platinum Market Report for 3/24/2011

By International Business Times,  March 24, 2011, 08:33:29 AM EDT

The platinum market has traded lower this morning, and has been widely seen as underperforming versus gold and silver prices. Platinum was thought to have come under pressure due to news that Japanese auto makers would idle some US plants due to parts shortages. Some traders feel that platinum prices are also under pressure balance due to the much weaker than expected US new home sales figures released yesterday. The Prime Minister of Portugal resigned after that nation's parliament rejected a series of new austerity measures, which may increase investment demand for platinum from the Euro zone over the near future.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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Most Active by Volume:

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