Platinum Gaining Support from Demand Side

The Financial Times reported that currently demand, not supply, appears to be the main driver of platinum prices.

As quoted in the market news:

Investors are hopeful that this week’s generally upbeat global manufacturing PMIs presage an increase in industrial usage – not least from the vehicle manufacturing sector.

Then there’s investment and technical issues.

The latest data from the US show bullish speculative bets on platinum futures rose for an eighth consecutive week.

Click here to read the full Financial Times report.