Platinum, Palladium Favored, UBS’s Morgan Says

Summary:  UBS commodities analyst Daniel Morgan explains in this Bloomberg interview how any tapering of stimulus by the Fed would remove much of the case for owning gold. However, he says UBS prefers Platinum Group Metals since they’re also driven by industrial demand, specifically autos, rather than a fear trade. Gold is mainly driven as a hedge against inflation, which Morgan says that isn’t as much of a concern as it was before. Morgan explains that manufacturing data from around the world indicates there could be strong demand for PGM metals.