Even though platinum is being given a lift by the gold market the fundamentals in the form of depressed auto demand are still weak. I personally will not be buying platinum just yet. Platinum prices might see flight to quality buying interest this week based on broad physical commodity fundamentals e.g. copper and crude oil. But platinum is at the bottom of the quality barrel. It is primarily a derivative play on gold.
Oct platinum $1533.10 down $3.90, Range; $1529.30-$1542.30
Dec palladium $500.10 down $4.55, Range; $499.50-$510.00
Dec gold 1239.20 up $1.30, Range; $1235.00-$1240.40
Dec silver $19.074 unch, Range; $19.020-$19.275