Investors’ attention has moved from “protective” gold to silver, platinum and palladium.
Prices for platinum groups grow on Friday, updating long -term maximum. Reuters reported it on July 18.
During the auction, the spare price of platinum increased by 1% – up to $ 1472.20 per troika ounce. This is the highest value since August 2014.
In this regard, Palladium added 1.4% and is now trading at a level of $ 1297.78 per ounce – maximum since August 2023.
In addition, silver climbed 2.3%, at $ 38.47 per ounce.
While the price of gold in the area market increased by 0.3% – up to $ 3350 per ounce. At the same time, since the beginning of the week, the metal has fallen to the price of almost 0.2%.
Analyst Bullionvault Edrian Ash records that gold can temporarily lose support without new global shocks. However, it maintains a long -term growth trend thanks to the purchase of central boards and demand from private investors.
“The main attention to the sector of precious metals has moved from” protective “gold to silver, platinum and palladium, with industrial use and receive support against the rear of economic growth expectations,” the expert added.
Earlier, platinum increased the price to a maximum for more than a decade due to a flowing demand against the background of insufficient metal supply.
Remember that in April Gold for the first time in history won the line of $ 3,500. Gold, which is considered a reliable owner against the background of economic uncertainty, this year rose almost 33%.
The world’s largest miner in the world has increased a quarter
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Source: korrespondent
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