Platinum and Palladium prices have eased this morning as investors sold into the highs to reap profits.

Platinum and Palladium prices have eased this morning as investors sold into the highs to reap profits. Platinum closed $29.70 higher yesterday at $1485.70 for July delivery pulling Gold prices higher which closed at 1305.90 for June delivery. The violence in South Africa has intensified with 4 platinum miners killed as they tried to return to work. The AMCU is trying to inhibit other strikers from returning to work via intimidation. More violence means it will take longer for the producers and the AMCU to come to a settlement along with less employees returning to work. April CPI met expectations with a reading of .3%. Initial Jobless Claims for the week ending 5/9 are down 24,000 with a figure of 297,000. CPI (YoY) is in line with forecasts of 2%. Have a great day!