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IBTimes reported Barclays said gold prices will remain above platinum prices through 2012 with the precious metals market remaining volatile.
IBTimes reported Barclays said gold prices will remain above platinum prices through 2012 with the precious metals market remaining volatile.
As quoted in the market news:
Platinum price dips below $1,700 last year were cushioned by both demand and supply side factors. Strong physical demand from China, combined with rising cost pressures in South Africa, set a stable floor for prices. However, downside support has become more fragile as the rand has weakened, lowering the cost floor, while demand in China has become less responsive to price dips.
Thus, the macro environment is poised to support gold’s premium over platinum for the bulk of this year.