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Barclays Capital lowers Price Forecasts for Platinum and Palladium
Apr. 02, 2015 07:11AM PST
Resource Investing News Mineweb reported that Barclays Capital has lowered its price forecasts for 2015 due to the weaker-than-expected Chinese consumption of platinum and palladium.
Mineweb reported that Barclays Capital has lowered its price forecasts for 2015 due to the weaker-than-expected Chinese consumption of platinum and palladium.
As quoted in the market news,
The broker now sees platinum averaging $1,239 per ounce this year after the spot price fell to its lowest since July 2009 below $1,100 in the first quarter. Spot platinum was last at $1,134/1,139, down $5 loss on Tuesday’s close.
It also expects palladium to average $805 in 2015 given its weaker start to the year. It recently traded at $737/742, up $4.
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