Home / Metal News / Precious Metals / Spread between Platinum and Gold to widen even further: Barclays
Spread between Platinum and Gold to widen even further: Barclays
Mar 10,2014 08:54CST
industry news
Source:SMM
Barclays believes potential for the platinum/gold spread to widen further, particularly due to supply issues underpinning platinum group metals.

UNITED STATES March 08 2014 11:58 AM

LONDON (Scrap Register): Barclays believes potential for the platinum/gold spread to widen further, particularly due to supply issues underpinning platinum group metals.

A strike is occurring against South African’s three major PGM producers, and there are market worries about the Ukraine conflict disrupting the flow of supplies of metal out of Russia, such as if the West imposes economic sanctions.

“Over the past week, the spread has widened from less than $100 an ounce to around $140 an ounce. If gold loses its safe-haven appeal and the strike continues in South Africa, we think, this spread could widen even further,” said analysts with Barclays. 

Barclays
platinum/gold spread

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news