News Bites
'Gold is going to be outpaced by silver and platinum' - Bill Baruch
Platinum and silver have fundamental tailwinds from both rising inflation and improving economic conditions that will propel these metals to grow faster than gold in 2021, said Bill Baruch, president of Blue Line Futures.
“The economic activity is there, but we’re not really seeing inflation yet, so I think that’s been a very big tailwind for platinum, it’s been moving…technically, it’s breaking out of a 10-year downtrend,” Baruch said.
Baruch’s comments come as platinum climbed around 25% over the last month, last trading at $1,288 an ounce.
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