Platinum

Platinum Guild International (PGI) has released its Q1 Platinum Jewellery Business Review of the platinum jewelry market around the world . . . .

With China’s strong economic growth in the first quarter of this year, jewelry demand in that country also increased, but platinum jeweler demand lagged behind other jewelry segments owing to a lack in innovative product and market-wide marketing support, says Platinum Guild International . . . .

Rarer than gold, platinum and palladium are racing each other for price dominance . . . .

There are hopes that platinum could once again be used to make autocatalytic converters for petrol-powered engines, creating fresh demand for the metal amid a deepening supply deficit . . . .

Auto catalyst metal palladium will struggle to maintain its recent push to 16-year highs above $1,000 an ounce, but is still expected to set record average highs this year and next as emissions controls ramp up, a Reuters poll showed on Thursday . . . .

Chinese trade data has showed that the most monthly silver imports in May since 2010, while platinum imports were the strongest in more than a year . . . .

Standard Chartered looks for the palladium market to be in a supply deficit this year while platinum is nearly balanced; still, analysts said any move in palladium prices to the same level as platinum – should one occur – likely would be only temporary . . . .

The 20,000-coin limit to authorized purchasers was reached Aug. 26. The U.S. Mint authorized a maximum production in 2016 of 20,000 American Eagle 1-ounce .9995 platinum bullion coins . . . .

Revised projections for the shortfall in platinum expected in 2016 have more than tripled since March, according to the latest report from the World Platinum Investment Council . . . .

Gold consolidating getting ready for a move above $1,300 . . . .