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Gold fluctuated near a record in London on concern that the metal’s advance as an alternative investment to a weakening dollar may have been overdone. Platinum and palladium are more attractive than gold in the long term as the metals may benefit from wealth protection and increasing industrial demand, Commerzbank AG analysts including Eugen Weinberg […]
Gold fluctuated near a record in London on concern that the metal’s advance as an alternative investment to a weakening dollar may have been overdone.
Platinum and palladium are more attractive than gold in the long term as the metals may benefit from wealth protection and increasing industrial demand, Commerzbank AG analysts including Eugen Weinberg said in a report today. While platinum may fall to $1,650 and palladium may drop to $525 in the fourth quarter on “profit-takings,” prices will climb to $1,800 and $600 at the end of next year, respectively, the bank said.