Precious metals Watch – More price weakness ahead

In this publication: Precious metal prices had a good start to the year, but recently they have started to diverge. Gold prices registered a new high since 2012, but they have given up some gains. Silver and platinum prices are down year-to-date and palladium prices are up. During previous crises gold prices often rose by max 10%, depending on movements in the dollar. During the GFC gold prices dropped substantially, because of a surge in the dollar. During previous crises silver, platinum and palladium prices often declined. Based on our new base case scenario, we expect weaker precious metal prices in the coming months.