07.04.2016 - UBS: Platinum Group Metals Driven By External Factors For Now
Platinum and palladium are drawing limited attention from investors right now, with price moves tending to be driven by external forces such as gold and broader risk sentiment, says UBS. For instance, these metals have “barely” reacted to news reports of auto sales -- important since PGMs are used for catalytic converters – and instead more likely to move on the back of gold and changes in equities. “Interest is lackluster and liquidity conditions are poor,” the bank says...............................................Full Article: Source
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