Resource News

MarketWatch reported that according to Capital Economics, China will push platinum prices to $1400 an ounce this year.

MarketWatch reported that according to Capital Economics, China will push platinum prices to $1400 an ounce this year.

As quoted in the market news,

Platinum prices PLN5,-1.08%  should reach $1,400 by the end of this year, “supported by resilient Chinese demand,” forecast Caroline Bain, senior commodities economist at Capital Economics, in a note issued Thursday.

July platinum settled Thursday at $1,136.70 on Comex, so the forecast would represents a climb of about 23% from the current price. Platinum futures have fallen by about 6% so far this year after tallying a combined loss of 23% in 2013 and 2014.

Click here for the full MarketWatch report

MARKETS

Markets
TSX19057.76-164.98
TSXV628.61-16.30
DOW30960.07+13.08
S&P 5003808.57-12.98
NASD11134.52-47.02
ASX6763.60+57.60

COMMODITIES

Commodities
Gold1816.77-1.80
Silver20.67-0.15
Copper3.77-0.01
Palladium1970.88+101.88
Platinum916.88+6.88
Oil111.84+0.08
Heating Oil4.04-0.08
Natural Gas6.56-0.01

DOWNLOAD FREE REPORTS

×