Platinum Prices Could Rise Again Soon

Although platinum and palladium saw price drops on Monday, CNBC has pointed to a broader 5-percent jump in year-to-date platinum futures prices as well as a 7-percent price jump for its sister metal.

While palladium is used to make catalytic converters for gasoline cars, converters for the diesel cars that dominate in Europe are made from platinum.

As quoted in the publication:

Analysts project a sharp price increase in the prices of both platinum and palladium metals over the next four years and a more stagnant movement for gold, silver and copper, according to financial-data firm FactSet.

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