COMMODITIES OUTLOOK
The World Bank does not expect the recent rise in platinum prices to be sustained for the full year, with its latest ‘Commodity Markets Outlook’ report forecasting a 10% year-on-year price decline in 2016. The report, released on April 26, notes that precious metals prices increased by 6% in the first quarter on stronger investment demand and safe-haven buying. The price of gold rose by 7%, while silver and platinum prices each increased 1%.
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