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Morning Platinum Market Report

The platinum market traded lower this morning and in the process the July contract reached the lowest price levels since May 23rd. Many traders feel that platinum is clearly being pressured from a growing wave of global economic slowing views, which have been encouraged by events in Greece. Platinum received what was widely seen as supportive Chinese import news this week along with stories calling for lower platinum production from South Africa, but July platinum made a high to low decline of close to $101 an ounce. The Euro zone Trade deficit during April was 4.1 billion Euros, a larger deficit than projected which could lead to weaker industrial platinum demand going forward.

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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