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INTL FCStone maintains its 'fairly constructive' view on Precious Metals Group
Feb 26,2015 11:15CST
industry news
Source:SMM
Despite last week’s ‘lackluster’ trading, INTL FCStone says it still maintains ‘fairly constructive’ view on Precious Group Metals.
Author: Paul Ploumis20 May 2014 Last updated at 05:04:32 GMT
 
NEW YORK (Scrap Monster):  Despite last week’s ‘lackluster’ trading, INTL FCStone says it still maintains ‘fairly constructive’ view on Precious Group Metals.
 
According to the NY based investment advisory firm, both the platinum group metals should benefit from the ongoing strike in South Africa. According to sources, the prolonged strike by the labor unions over wage hike has resulted in the huge drop in output. The AMCU union workers are on strike since January 23rd in demand for steep rise in wages. The 17-week long strike has paralyzed the mining activities.
 
Gold should be underpinned by the ongoing Ukranian crisis, anticipated roadblocks in Iranian nuclear talks and the inflation data which recorded a slight increase during last week. Any minor shake in the US equity markets could see investors flocking back to the precious metal, INTL FCStone said.
INTL FCStone
precious metals
gold

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