- No. 15 | 22th April 2024
Market Report
Learn more about all important trends in the precious metals markets in our market reports on a regular basis.
Strong indian silver demand, popularity of hybrid vehicles in Europe
The gold price has reached a historic high despite adverse conditions. The announcement by the Fed to keep interest rates unchanged, along with the rise in yields of US Treasury bonds and the US dollar, did not weigh on the gold price. Silver is showing a promising recovery as trade data points to increasing demand in India. In the platinum sector, demand from the automotive industry remains a key driver despite declining sales of heavy-duty trucks. In the palladium market, hybrid vehicles and fuel cell vehicles are competing for market share, with hybrids gaining traction in Europe. For more insights into the markets, read our precious metals appraisal.
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