PGM Market Trends for Sept-Oct 2024: Broad Rise Driven by U.S. Rate Expectations
10/08/2024 16:34
The precious metal PGM market saw broad gains in September, except for iridium, driven by several factors such as the significant interest rate cuts by the US Federal Open Market Committee (FOMC), uncertainty about the future, and increasing demand from the Asian markets. However, the weakening of the yen and the strengthening of the US dollar may limit the upward potential of precious metal prices.
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