INTERVIEW: Positive 2019 ahead for precious metals, ABN Amro’s Boele says

Precious metals prices have the potential for a strong upside in 2019 alongside weakness in the US dollar and declining US Treasury yields, according to Georgette Boele, an analyst with Dutch bank ABN Amro.

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. “This is because a weaker...

Published

Alice Mason

January 29, 2019

17:25 GMT

London