Page 41 - Bullion World Issue 10 February 2022_Neat

Bullion W
Bullion World | Issue 10 | February 2022
ebruary 2022
orld | Issue 10 | F

Swiss gold exports to

China and India hit multi-

year highs

Swiss gold exports rose last year to their highest since
2018 as demand for bullion in China and India, the biggest
consumer markets, recovered from a collapse early in the
COVID-19 pandemic, Swiss customs data showed.

The coronavirus crisis upended the bullion market in 2020,
hammering jewellery sales while triggering a rush among
investors to stockpile gold, which is traditionally seen as a safe
place to store wealth.

Source: https://www.thehindu.com

Switch to platinum

by automakers will weigh on

palladium prices

Platinum prices are expected to steadily rise over the next two years and palladium
prices to gradually fall as automakers switch to using platinum in autocatalysts to cut
costs, a Reuters survey showed.

Both metals are used in engine exhausts, where they neutralise harmful emissions.
Platinum is also used in other industries such as glassmaking, in jewellery and for
investment.

Prices plunged last year as a global chip shortage forced automakers to
slash production, reducing demand.

Source: https://www.miningweekly.com

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