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Platinum Seen Over Worst as Bulls Wager on Automaker Demand

  • Traders, analysts predict higher prices as investors return
  • Miners to refiners meet in London this week for annual event
Platinum Bars
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There’s a growing feeling in the platinum and palladium market that the worst is over.

After dropping to the lowest in at least half a decade in January, prices since rallied back into a bull market as the outlook for continued low U.S. interest rates reignited the appeal of precious metals. The two commodities will climb about 20 percent through the end of next year, partly on higher demand from carmakers, according to 12 traders and analysts surveyed by Bloomberg.