World Bank does not see platinum rally being sustained

April 26, 2016

Responsive image

The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals prices increased by 6% in the first quarter on stronger investment demand and safe-haven buying. The price of gold rose by 7%, while silver and platinum prices each increased 1%.

Category: General