In the previous sections of this edition of the Market Overview, we presented the demand and supply outlook for platinum and palladium. In that part, we would like to analyze the potential benefits of adding these precious metals into the investment portfolio.
Yesterday’s session was not like the previous ones – in the previous days, the precious metals sector moved lower together and mining stocks were leading the way. Yesterday, gold and silver declined, but miners were barely affected. Does this strength indicate a likely turnaround?
If we look at gold from the long-term perspective, it’s clear that it hasn’t really done much in the recent months—it’s trading in the $1,200-$1,250 range, which is where it was in the first half of 2016, first half of 2015, for most of 2014 and in the second half of 2013.