| Gold saw some relief last week on safe-haven demand, hitting a two-month high, while the other precious metals suffered; however, Mitsubishi says the outlook doesn’t look too positive for the precious metals.
“An unusual divergence between gold and the PGMs took place last week as bullion was buoyed by risk-averse mentality as global equities, led by China, plunged lower and geopolitical concerns…came to the fore. Platinum and palladium reverted to their pro-cyclical industrial roles while gold and silver both benefitted from safe-haven buying,” said Jonathan Butler, precious-metals strategist for the company, in a research note Monday afternoon...............................................Full Article: Source
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