WPIC Says Platinum Supply Deficit not as Large

Monday May 18, 2015, 9:29am PDT

Mineweb reported that the World Platinum Investment Council’s Q1 platinum report sees platinum remaining in deficit this year, but the deficit will not be as large as stated in a recent report from GFMS.

As quoted in the market news,

"The GFMS forecast suggested that the platinum price might fall to as low a level as $1,000 an ounce. It is currently selling at around the $1,170 mark and has recently been moving up as the gold price has seen something of a surge. But if the gold price falters – as many analysts are still predicting – then we could well see platinum falling back to these kinds of levels.

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