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Platinum Analysis

Platinum, palladium forecasts cut on oversupply, soft demand: Reuters poll

Analysts and traders have cut their forecasts for platinum and palladium prices after they underperformed gold and silver in the first quarter, as supply of the metals remains ample in the face of lackluster demand from jewelers and carmakers. Respondents to a Reuters poll of 31 analysts and traders said

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Platinum hits 5-1/2 yr low; Gold awaits Fed meet

Platinum tumbled to a 5-1/2-year low on Tuesday as the combination of a stronger dollar, weaker gold prices and improving supply took a toll on prices. Platinum, the worst performing precious metal of the year, fell to $1,098.10 an ounce during Asian hours, its lowest since July 2009. It is

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Platinum could rise 18% by year-end

It’s always the quiet ones you have to watch out for—and among the metals, platinum has certainly been quiet so far this year. After a 12% price drop in 2014, that’s not surprising. But after prices last week touched their lowest levels since 2009, a rebound could be in the

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Palladium to outperform in 2015 as platinum deepens losses: Reuters poll

Palladium is poised to outperform again in 2015, with prices seen rising six percent even as the wider precious metals complex struggles, a Reuters survey showed on Tuesday. Palladium’s sister metal platinum is facing a third year of losses, however. Respondents to a poll of 32 analysts, traders and other

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Gold extends weekly decline as Platinum slumps to five-year low

Gold fell to extend a weekly drop as investors assessed prospects for higher U.S. interest rates before the world’s biggest economy reports monthly payrolls. Platinum dropped to a five-year low, set for the biggest weekly loss since June 2013. Bullion for immediate delivery slid as much as 0.3 percent to

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Platinum and Palladium struggle despite positive fundamentals

Platinum and palladium prices continue to struggle amid a dwindling precious metals market, despite support from strong fundamentals that should be driving the price upwards, particularly in palladium. Palladium is currently trading amongst near-perfect fundamentals, the market remains in a deficit for the third year running, major strikes across South

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Platinum price continues downward trend

As platinum continues its downward trend, investors are wondering how low the precious metal can go. The gray-white metal reached a seven-month low last week, scraping $1,367.50 an ounce, as it continued its struggle against a rising dollar and a global surplus that is hampering its value. It’s down from

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Platinum hits 10-month high but ends flat

Platinum ended flat on Wednesday as investors took profits after the precious metal rallied to a 10-month high on lingering long-term supply worries despite the end of a strike by South African miners. Gold prices edged up on a second consecutive day of strong buying by exchange-traded funds. A five-month

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Gold near 3-week high; Platinum and Palladium sink

Gold prices rallied Thursday to log their highest settlement in nearly three weeks as growing unrest in Iraq and weakness in U.S. equities drove demand. Platinum and palladium prices slumped, with palladium dropping almost 5% a day after closing at its highest level since 2001, as progress toward a resolution

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Platinum and palladium price unmoved by strike talks failure

The latest round of strike negotiations at South Africa’s PGM mines ended in failure on Monday prompting the responsible minister to abandon his mediation role. More than 70,000 workers at the world’s three largest platinum and palladium producers, Anglo American Platinum (LON:AAL), Impala Platinum (OTCMKTS:IMPUY) and Lonmin (LON:LMI), have been

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Gold heads for worst monthly performance since June on tapering

Gold headed for a third monthly loss on speculation that the Federal Reserve will begin reducing monetary stimulus as the U.S. economy strengthens, damping demand for haven assets. Bullion for immediate delivery traded at $1,243 an ounce by 9:29 a.m. in Singapore from $1,244.13 yesterday, when the metal rose 0.5

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Platinum and Palladium could be the trade of the decade

As readers of Investment Contrarians are probably well aware, precious metals have been hit hard this year. Along with the drop in the price of precious metals, mining stocks have also significantly declined in price. However, I think we might be entering a period of increased demand that should see higher prices for the

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Platinum And Palladium Appear Strong Amid Uncertain Commodities Market

Platinum and palladium are two metals that could prosper as other commodities falter amid economic uncertainty, says Carlos Sanchez, director of commodities at New York’s CPM Group. “I think you’re going to have a resurgence of investor interest in these two metals,” Sanchez predicted at the Inside Commodities industry conference

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Platinum and Palladium See Rising Investment Demand

Gold fell $14.30 or 1% yesterday, closing at $1,321.70/oz. Silver rose $0.11 or 0.52%, closing at $21.45. Platinum edged up 0.2% to $1,495.24/oz, while palladium gained $0.25 to $736.25/oz. Gold has crept higher in all currencies today and is particularly strong in Swiss francs which has come under pressure after

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Platinum: An Attractive Alternative to Gold and Silver

While it is clear that bank measures around the world have been devaluing national currencies, it has also identified a long-term uptrend in precious metals. Silver has been out-performing gold for the last little while and the trend could continue for the next few years. While gold and silver are

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