Platinum prices to be a largest upside in 2021!
Platinum an investment alternative to gold! Recently in January 2021 ABNAmro said, “We think that platinum prices have the largest upside potential this year. Slowly but surely the stars are aligning for this precious metal. First, a positive outlook for gold prices also supports the outlook for platinum. They are both used in jewellery and we expect a modest rise in jewellery demand especially from China (largest market for platinum jewellery).” Moreover, some investors buy platinum as an investment alternative to gold if gold prices become expensive. Second, we expect an ongoing recovery in the industrial sector that will probably result in higher industrial demand for platinum. Third, we expect higher consumer demand for cars this year. Meanwhile, more stringent car emission regulation results in more platinum content for car catalysts. So we expect platinum demand for car catalysts to rise. Fourth, fuel cell technology for cars will continue to get more attention. Platinum i