I expect platinum prices to loose some gloss in coming years as an increasing number of platinum consumers switch to palladium for their catalyst converters. That`s not to say that platinum prices will collapse to the levels of palladium (currently $US183/oz), but rather I see jewellery demand making up the slack. I think platinum prices will not fall below $US600/oz because platinum will continue to carry more cache than gold as a jewellery investment. Strong Asian demand will help underpin that demand.
Price forecast Pt Pd $US/oz
Aug05 890 183
Nov05 850 230
Mar06 750 280
Jun06 650 350
Dec06 600 400
Jun07 750 500
Dec07 900 700
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