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Thomson Reuters GFMS Key Platinum Market Developments:

Date of Release: 4th May 2012

IMPORTANT NOTE: The following is for informational purposes only and was developed by Thomson Reuters GFMS. It does not take into account the investment objectives, financial situation or particular needs of any particular person. Information is from sources believed to be reliable, but is not guaranteed as to its accuracy or completeness. Opinions and estimates are the judgment of Thomson Reuters GFMS and are subject to change without notice. Distribution of this information does not constitute agreement with, or an endorsement of, the views expressed. Obviously, future outcomes are impossible to predict with certainty. Investors should obtain advice based on their own individual circumstances and understand the risks before making any investment decisions.

Platinum opened april at $1,641 before climbing to $1,659, only to collapse to $1,592 by the 5th. The steep drop was due to gold’s fall, which came on the back of the strengthening dollar as a result of the release of the us federal reserve’s March meeting minutes. risk off sentiment also resurfaced due to the ongoing eurozone crisis, this time with the focus on spain, as well as poor auto news. it then tumbled lower to close the month at $1,570 to post an intra-month loss of 4%.

On the nymex, the net long in platinum contracted to 0.9 Moz by 24th april, down by over a third from the level seen on the 27th March. The decline was mostly due to the rise in gross short positions, which almost doubled over the period. holdings in eTfs also fell over the month, albeit by a comparatively trivial 2%.

Additional Information

• Platinum Market Outlook for Next Three Months
• Platinum Market News