UBS has lowered its platinum price forecasts by USD 300/oz, citing weak demand and a potential market surplus. Despite this, a moderately constructive view is maintained, underpinned by the expected appreciation of gold prices.
Key Takeaways
- 1.Platinum has lost investment appeal in 2026 due to weak demand and a potential supply surplus.
- 2.Forecasts have been reduced by USD 300/oz, though the outlook remains moderately constructive based on gold price expectations.
Table of Contents
- Lost its charm
- CIO View: Platinum
- Appendix
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Giovanni StaunovoWayne Gordon
Securities
XPT/USDXAUXPD/USD
Themes
Autocatalyst DemandCommodity SubstitutionMarket Supply Surplus
Regions
EuropeUnited States