JP Morgan ups long term platinum price to $540/oz

Newswire

LONDON, March 26 (Reuters) - Platinum prices are expected to remain strong due to slower than expected supply growth from the world's biggest producer Angloplat and to robust demand, JP Morgan said in report. Long-term platinum prices were seen reaching $540 an ounce, up from a previous forecast of $525, while the average platinum price for 2003 was increased by 3.7 percent to $643 an ounce. But it said the immediate outlook for the precious metal, used mainly in jewellery and ...

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