Markets

Morning Platinum Market Report

In addition general US slowing fears, many traders feel that the platinum market this morning may be reflecting the prospects for an upcoming interest rate tightening move by China. With Ford's auto sales numbers widely considered to be a little disappointing earlier in the week, many traders are concerned that the market will receive more economic slowing evidence from the US later this morning. China has started to impose tighter capital requirements for their major banks, which may dampen economic growth for that nation and negatively impact their industrial platinum demand.

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


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

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