Gold price extends loss as Fed cuts rates, signals less easing
New forecasts showed several officials penciled in fewer rate cuts for next year than estimated.
Platinum’s poor performance relative to gold of late may be due to its lack of status as a safe-haven investment and a credible means of sequestering value.
According to a considered and informative piece by Adrian Ash on Mineweb, platinum enjoys little in the way of store-of-value demand compared to gold due to its relatively brief history as much-coveted precious metal.
This lack of popularity as a safe-haven investment has left platinum lagging behind gold amidst the world’s recent economic woes, when it has historically traded at a steep premium of around 46% to its more meretricious peer.
