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News  ›  Benzinga

Bank Of America Moves Goalpost As Industry Insider Warns Of A Sizeable Platinum Pullback

Benzinga Logo Benzinga By Stjepan Kalinic
Bank Of America Moves Goalpost As Industry Insider Warns Of A Sizeable Platinum Pullback

Bank of America raised its 2026 platinum and palladium price forecasts significantly, citing trade dislocations, constrained supply, and renewed investor interest. However, precious metals service provider Heraeus warned that platinum prices appear stretched and historically tend to correct 10-20% after rallying more than 20% above their 200-day moving average. The market faces uncertainty from pending U.S. tariff investigations on Russian palladium.

Insights
COIN   negative

Stock fell 4.2% to lowest level since mid-June due to broader cryptocurrency market decline


BAC   positive

Raised 2026 platinum forecast to $2,450 from $1,825 and palladium to $1,725 from $1,525, citing bullish catalysts including supply constraints and renewed investor interest.