(Bloomberg) -- Platinum was little changed in Asia amid speculation the price of the metal will climb after analysts from UBS AG raised their forecast for the metal. Platinum futures in Tokyo declined on the firmer yen.
The price of platinum will rise to $1,350 an ounce in the next three months on expectations of increased investor demand, John Reade, head of metals strategy at the UBS Investment Bank unit in London, said in a report yesterday. The forecast was $50 higher than a previous estimate.
Read more at Bloomberg Commodities News
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