Platinum price is roughly 3% up for the year, making it the best performing of all exchange-traded precious metals this year. Economists at Commerzbank see Platinum with upside potential.
“We see only limited upside potential in the short term.”
“Platinum should trade at $1,050 by the middle of next year. With the rising Gold price, Platinum should continue to gain in the second half of the year and trade at $1,150 at the end of the year. The price difference to gold would then be $700, which would mean that Platinum would catch up to some extent with Gold.”
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