UBS Slashes Platinum Price Forecast, Cites Sluggish Investment Demand
Swiss bank UBS has published a note in which it reduced its price forecast for platinum for the rest of this year and early 2027. The bank premised its prediction on a number of demand-side factors weighing on the precious metal’s price. Last year, platinum surged 125% to reach historic prices alongside other precious metals like gold and silver. In fact, platinum’s rally was more impressive than that of its counterparts in the precious metals category. However, UBS says the precious metal has shed some of its allure and there are possibilities that the metal could shift from its expected…