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HSBC Lowers Platinum Price Outlook for 2013 and 2014
Nov. 22, 2013 12:36PM PST
Resource Investing News The Economic Times reported that HSBC Holdings plc (NYSE:HSBC) has lowered its platinum price forecast to $1,500 per ounce for 2013 and $1,625 per ounce for 2014. That is down from a previous forecast of $1,580 per ounce in 2013 and $1,725 per ounce in 2014.
The Economic Times reported that HSBC Holdings plc (NYSE:HSBC) has lowered its platinum price forecast to $1,500 per ounce for 2013 and $1,625 per ounce for 2014. That is down from a previous forecast of $1,580 per ounce in 2013 and $1,725 per ounce in 2014.
As quoted in the market news:
‘Based on tighter fundamentals, we believe platinum will increasingly decouple from gold prices in 2014 and trade higher, regardless of movements in gold,’ HSBC analysts said in a note on Friday.
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