Improving Gold Market To Lend A Hand To Underperforming Platinum

A healthier gold market environment will work in favour of one of the biggest PGM under-performers of the year, platinum, according to TD Securities, which sees the metal’s price hitting $1,100 by the end of 2019.

“Platinum should see better days ahead as the gold environments stabilises, the USD weakens, the CNY and South African Rand strengthen and producers rightsize production to cut costs,” said TD Securities head of global strategy Bart Melek.

 

Jubilee Metals Group Plc (LON:JLP) is a diversified metals recovery company with a focus on reprocessing of historical surface mine waste and materials. The Company has secured surface platinum-bearing tailings to recover PGMs and chromite, lead, zinc and vanadium bearing tailings in Zambia and holds the mining right (granted March 2017) to a primary PGM project in the Eastern Bushveld complex.

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