Gold may fare well in February but platinum group metals could be “vulnerable,” says INTL FCStone in a monthly outlook. “We think gold will likely continue to do well over the course of February, as we do not think that the correction in the equity markets is over just yet,” the firm says.
“Once the dust settles and equities start to stabilize, we could see a renewed assault on the precious metal, but this will likely not take place until later in the month. Platinum and palladium look somewhat vulnerable to us given that they do not seem to be responding to the ongoing South African mine strikes. In fact, once these actions are over — the various sides have resumed negotiations this week — both complexes could sell off some more from here.” For gold, the firm sees a February range of $1,210 to $1,285 an ounce………………………………………..Full Article: Source