Platinum Prices Low During Economical Downtimes
World Platinum Investment Council
The latest analysis conducted by the World Platinum Investment Council (WPIC) shows that the precious metal’s price can be seen trending lower during economical down-cycles in combination with recent interest rate cuts. However, as platinum’s market is forecasted to enter a period of sustained deficits because of the down-cycle resistant factors, the report suggests the price could prove more resilient during this cycle or move higher.
Entering the second half of 2023, successive major central bank rate hikes are forecast, with the report suggesting that rate cuts and the start of an economic downcycle can be expected in 2024.