Platinum price could soar beyond predicted $1 900/oz, says GFMS

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Fri, May 20, 2011

Platinum Market News
Post by Melissa West, Platinum Researcher

Mining Weekly reports that GFMS says the company’s predicted platinum price of $1,900/oz is a base case scenario because US monetary possible could push the platinum price to over $2,000/oz.

The market news is quoted as saying,

GFMS CEO Dr Paul Walker explains, should the US show no interest in dealing with its current financial situation and continue with low interest rates, and go ahead with the third round of quantitative easing, then the upside potential for precious metals markets, not only platinum, is infinite.

For the complete market news, click here.

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