P L AT I N U M Demand to rise

The platinum price barely moved last week after rising by almost 3% the previous week. The latter was due to the Swiss decision to remove the currency’s peg against the euro. In particular, the falling oil price has led to speculation that US vehicle sales will rise and that Americans will be encouraged to buy bigger vehicles which require larger catalytic converters and therefore more precious metals. Demand for platinum is expected to exceed supply this year.