Platinum, palladium extend losses as Bank of America maintains bullish year-end price outlook | Metals Mine

  • Platinum, palladium extend losses as Bank of America maintains bullish year-end price outlook

    From kitco.com

    While most investors have been focused on gold’s recent breakdown, there has been a broad-based sell-off in the precious metals complex, with platinum group metals feeling the brunt of the sell-off. Both platinum and palladium have fallen to their lowest levels of the year. Although there is room for prices to fall further, one bank is maintaining its bullish year-end outlook for PGMs. “The rally in PGM prices has lost steam since late January, largely tracking moves in gold. Further, ongoing macro headwinds from the conflict in the Middle East add downside risk to demand for industrial metals,” said commodity ... (full story)

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