Spot platinum prices

This year, gold, silver has held up quite well. Now, the market sentiment for platinum also rebounded.

Spot platinum prices have a low of $ 806.31 hit in January this year for seven years, it is now up more than 30%. Foreign media have reported that in January the price is probably at the bottom of the market. As the market for US interest rates is expected to weaken, the market after January, renewed favor of the precious metals are intended.

According to Bloomberg’s 12 traders replica jewelry and analysts to judge, partly due to increased demand for car manufacturers, until the end of 2017, platinum prices will gradually rise by about 20%.

1052.5 dollars per ounce at current price calculated by Bloomberg expect that by replica Van Cleef Arpels the end of this year, the platinum price is expected to appreciate to $ 1153 / ounce by the end of next year, the price will rise to $ 1283 / ounce.

Reuters’s Gold Mining Services (GFMS) analysts last Thursday, the report has a similar judgment – this year’s low price of platinum may have occurred, returned to the market supply shortage expected in 2016 will average price per ounce of platinum US $ 1005.

Bloomberg quoted ICBC Standard Bank (ICBC Standard Bank) in charge of precious replica Cartier jewelry metals strategist Tom Kendall said the fundamentals of the precious metal platinum in particular is continuing to slowly improve, we have seen the bottom of the market.

GFMS survey of platinum group metals in 2016, the report said, the market is expected to return to the 2016 shortfall, last year jumped and mine supply surplus.

The agency said the platinum market excess supply 54,000 tons last year, mainly due to the South African mining output increase of 40%. However, this growth expected to slow in 2016 – plans to develop new projects is small, and the mine is expected to reduce capital expenditures begin to impact.

The agency also noted that last year, the automotive industry needs to climb Hermes jewelry replica up the metal, retail investors more than tripled to 2% since 2008, but jewelery demand fell by 4% – to increase the European Automobile Manufacturers of consumer demand 6%; but China jewelry industry need to buy a second consecutive year, decreased by 7% to 1.561 million ounces.

Spot platinum prices have a low of $ 806.31 hit replica Hermes jewelry in January this year for seven years, it is now up more than 30%. Foreign media have reported that in January the price is probably at the bottom of the market. As the market for US interest rates is expected to weaken, the market after January, renewed favor of the precious metals are intended.

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