Platinum Group Metals: Weakness Is Creating Another Attractive Buying Opportunity
Platinum prices have experienced a decline of 6% by the end of the quarter, with palladium prices dropping by 10%. Despite a strong rally in platinum mining equities during the first half of the quarter, these gains were largely reversed in the latter half. Analysts suggest that the current weakness in the platinum market presents an attractive buying opportunity for investors.
- ▪Platinum prices fell 6% by quarter-end.
- ▪Palladium prices declined by 10%.
- ▪Platinum mining equities rallied sharply in the first half of the quarter but gave back most of those gains later.
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