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Platinum and palladium to top the charts again

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Platinum and palladium will be the best performing precious metals next year as record global car sales keep them in short supply for a third successive year.

Platinum will gain 13% to average US$ 1.635 an ounce by the fourth quarter of 2014, taking the mean of eight estimates collated by Johnson Matthey and analysts at Barclays. Palladium will gain 10% to average US$ 823 an ounce, the most for any quarter since 2001. This is in stark contrast to gold and silver, which have slumped by 20% and 25% respectively because of lack of demand and investor interest.

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