Home / Metal News / Copper / Platinum group metals to rise with Gold in coming weeks: TDS
Platinum group metals to rise with Gold in coming weeks: TDS
May 11,2016 09:17CST
industry news
Source:SMM
TD Securities sees promise for platinum group metals. Analysts look for the PGMs to rise with gold in the coming weeks.

UNITED STATES May 10 2016 8:36 PM

NEW YORK (Scrap Register): TD Securities sees promise for platinum group metals. Analysts look for the PGMs to rise with gold in the coming weeks due to uncertainty surrounding U.S. interest rates, the June 23 vote on the U.K. leaving the European Union, and supply risks. 

Strong auto demand in the U.S., Europe and Japan should also boost PGM consumption, TDS says. TDS, which calls for robust supply deficits in platinum and palladium this year and next, looks for platinum to average $1,150 an ounce and palladium to average $750 in the final three months of 2017. 

However, TDS added, “the path to these average levels is unlikely to be a smooth one” as these metals track gold and react to economic news. In fact, PGMs could retreat with gold in the second half of this year if there is an increased risk of a Federal Reserve rate hike. But as above-ground inventories drop, the persistent deficits should again help lift PGMs…into 2017.”


TD Securities
Platinum group metals
Platinum prices

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

    timeApr 28, 2020 21:34timezoneCST
    timeApr 28, 2020 19:42timezoneCST
    timeApr 28, 2020 19:34timezoneCST
    timeApr 28, 2020 18:54timezoneCST
    timeApr 28, 2020 18:13timezoneCST
    timeApr 28, 2020 18:13timezoneCST
    timeApr 28, 2020 17:54timezoneCST
    timeApr 28, 2020 18:24timezoneCST
    timeApr 28, 2020 16:51timezoneCST
    timeApr 28, 2020 16:38timezoneCST