Gold price has regained more than half of its losses since the end of October, returning to a level above $2,700 per ounce, according to Barbara Lambrecht, a commodity analyst at Deutsche Bank. Lambrecht stated that gold is sought after as a safe-haven asset due to the escalating threat of the Ukraine conflict. The recent inflow of funds into ETFs also confirms this point. With the pump in gold price, silver price has risen significantly this year, up nearly 30% from the beginning of the year. The situation is different for platinum group metals, as their prices are cheaper than at the beginning of the year. This is another reason why this category has the potential to catch up in the coming year. In our opinion, platinum price should especially experience a significant pump, as the market is likely to face a shortage for the third consecutive year in 2025. This may be confirmed by the World Platinum Investment Council (WPIC), which will make preliminary forecasts for 2025 in its quarterly report to be released next Tuesday. In the mid-term five-year outlook report released in September, WPIC assumed that supply would increase after two years of decline. However, this yükseliş is expected to be insufficient to fill the gap, as demand is also expected to rise slightly.
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Deutsche Bank: Safe haven sentiment pushes gold price back to $2,700
Gold price has regained more than half of its losses since the end of October, returning to a level above $2,700 per ounce, according to Barbara Lambrecht, a commodity analyst at Deutsche Bank. Lambrecht stated that gold is sought after as a safe-haven asset due to the escalating threat of the Ukraine conflict. The recent inflow of funds into ETFs also confirms this point. With the pump in gold price, silver price has risen significantly this year, up nearly 30% from the beginning of the year. The situation is different for platinum group metals, as their prices are cheaper than at the beginning of the year. This is another reason why this category has the potential to catch up in the coming year. In our opinion, platinum price should especially experience a significant pump, as the market is likely to face a shortage for the third consecutive year in 2025. This may be confirmed by the World Platinum Investment Council (WPIC), which will make preliminary forecasts for 2025 in its quarterly report to be released next Tuesday. In the mid-term five-year outlook report released in September, WPIC assumed that supply would increase after two years of decline. However, this yükseliş is expected to be insufficient to fill the gap, as demand is also expected to rise slightly.