INSUBCONTINENT EXCLUSIVE:
Platinum could be dark horse among precious metals, according to a money manager at Pacific Investment Management
The possibility trend reverses even slightly represents a buying opportunity, Johnson said
of assets in gold exchange-traded funds moving to platinum to really have a big impact on platinum supply-demand balances and
By contrast, equity market turmoil and an increasingly dovish Federal Reserve have supported gold and silver, while palladium has benefited
of 2018 pared its annual decline to just 1.6 per cent.
Holdings in bullion ETFs are near highest level since 2013 as speculation grows Fed
may ease its tightening pace or even pause in raising interest rates
Meanwhile, holdings in platinum funds are close to a five-year low
Being a much smaller market, even a marginal shift in flows from gold funds could have an outsize impact on platinum prices, according to
he said.
Spot platinum traded at $800.12 an ounce on Wednesday, not too far from lowest intraday price in a decade, and gold was at
