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Platinum deficit to widen while prices decouple from gold

Posted on 26 November 2013

The deficit between platinum supply and demand should widen to nearly 889,000oz this year before narrowing to around 402,000oz in 2014, HSBC says.
But, this doesn’t mean necessarily that platinum prices will head higher. According to the bank, while it expects the tight supply picture to drive prices in the future, it has cut its average price forecasts for this year and next to $1,500/oz and $1,625/oz respectively from 1,580/oz and 1,725/oz………………………………………..Full Article: Source


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