Platinum should continue to gain and trade at $1,150 at the end of 2023 – Commerzbank
|Platinum price is roughly 3% up for the year, making it the best performing of all exchange-traded precious metals this year. Economists at Commerzbank see Platinum with upside potential.
Only limited upside potential in the short term
“We see only limited upside potential in the short term.”
“Platinum should trade at $1,050 by the middle of next year. With the rising Gold price, Platinum should continue to gain in the second half of the year and trade at $1,150 at the end of the year. The price difference to gold would then be $700, which would mean that Platinum would catch up to some extent with Gold.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.