Platinum (XPT/USD) happens to be trading below the $900 level. Economists at Commerzbank have adjusted their forecast lower to $1,000 by the finish of the entire year.
Platinum is experiencing continued selling by ETF investors
We have been revising our year-end price forecast for platinum downwards to $1,000 (previously $1,050).
Platinum can be experiencing continued selling by ETF investors. Because the start of the year, these have finally totalled a lot more than 400 thousand ounces. The platinum market could therefore become more oversupplied this season than previously expected.
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