Markets

Morning Platinum Market Report

Platinum prices have traded higher this morning but remain below this week's highs for the move. Some traders feel that today's poorly received global economic readings could make US economic data later this morning important towards holding platinum prices at current levels. A private survey of German manufacturing during July was 52.1 while a private survey of Euro zone manufacturing during July was 50.4, both of which were lower than expectations and may point towards weaker Euro zone industrial platinum demand through the rest of 2011.

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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