22
May
Rise in gold fuels rise in silver, platinum and palladium
Fundamentals favourable to precious metals. Sharp rise in investment demand. Reduction of the gold/silver price ratio favourable to silver. Palladium benefits from a special situation.
Key points
- Stock market panic temporarily weighed on precious metals in March 2020
- Most key factors for precious metal prices are favourable
- Sharp rise in investment demand
- 100 million gold ounces in ETFs
- Narrowing of the price differential between gold and silver in 2020
- After the rise in gold and silver, a recovery of platinum and palladium seems more than likely
- Gold and silver: an essential insurance policy
- Platinum and palladium: attractive prospects with growth of above +20% expected in 2020
