Stalled Demand For Platinum, Palladium Not Likely To Extend Long-Term

Forbes reports that short-term losses in platinum and palladium trading are likely to reverse as demand for the metals goes up.

The market news is quoted as saying,

The spot price for platinum will grow 1% this year to a target price of $1,825 an ounce, according to Barclays, while palladium will increase 5% from its current spot price to $823 an ounce. Last year palladium climbed as much as 89%, or $376 in dollar terms.

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