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WPIC: Platinum Demand Up as Supply Decreases

From investingnews.com

Investment demand is currently driving the platinum sector, which is forecasted to experience a 9 percent increase for 2019, said the World Platinum Investment Council (WPIC) in its most recent quarterly report released on Friday (September 6). Investor sentiment has kept demand for the precious metal steady despite a slight slump in both the jewelry and automotive sectors, which were down 5 percent and 4 percent respectively. During the first half of 2019, a surge in exchange-traded fund (ETF) activity accounted for 855,000 ounces of investment demand. The WPIC expects demand to outpace supply, reducing the surplus ... (full story)

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  • Category: Fundamental Analysis