Boele told Fastmarkets that there was also casue for optimistic on platinum prices, which were “punished” in 2018 due to lower demand for jewelry in China and because diesel cars lost some market share. Platinum is used in cars to reduce pollutant emissions.
Boele was the winner of the 2018 Apex award for price forecasting
in the precious metals category, with 97.29% accuracy.
“I think platinum prices were ‘beaten up’ too much in 2018 and the reasons are priced-in already, so we expect higher platinum prices in both 2019 and 2020,” Boele said.