Citi Research Retains Platinum and Palladium's Short-Term Price Projections

The financial research department at Citi has announced that it is keeping its short-term price targets for platinum and palladium intact for the next 0-3 months, with evaluations set at $1,950 per ounce for platinum and $1,500 for palladium. The report issued on Tuesday suggests that the prices of these precious metals are poised for a rebound.

According to Citi, the anticipated rise in prices is linked to a reduction in inflation which eases the Federal Reserve's pressure to raise interest rates, thereby enhancing investor confidence in the market.

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