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UBS Backs Gold Over Platinum as Surpluses Cloud White Metal Outlook

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • UBS advised clients to favor gold over platinum heading into Q4.
  • The bank highlighted weakening platinum fundamentals and shifting supply-demand dynamics, including persistent market surpluses, softer jewelry appetite, and rising EV adoption curbing autocatalyst demand.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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