UNITED STATES August 08 2014 5:40 PM
NEW YORK (Scrap Register): While most of the information may have been priced in to palladium given its strong gains this year, ETF Securities believes the laggard platinum price has strong potential to catch-up if global growth indicators continue given the tightening of supply conditions following the South African mining labour strikes.
While equities looked shaky last week, investors have been building their emerging market exposures as sentiment toward the Chinese economic outlook has improved.
While lingering geopolitical risk has hampered investor sentiment within developed markets, there has been con tinued evidence that Chinese stimulus measures are taking hold.
Within commodities, palladium has the largest exposures to the accelerating Chinese economy, and has significantly outperformed other metals in the sector, gaining nearly 25%.