Wednesday, 9th February 2005 (4017 views)

Gold could be one of the main beneficiaries of a dip in platinum jewellery demand in China, according to a number of precious metals analysts.

The platinum industry has enjoyed several profitable years, with China becoming the biggest consumer of platinum jewellery in the world, sitting atop a $1.8 billion global market.

However, writing in the Financial Times, UBS analyst John Reade says that this "phenomenal growth" is likely to begin slowing down in the Far East.

HSBC analyst Alan Williamson offers a similar picture of the market, suggesting that consumers may turn to white gold, a cheaper alternative that blends palladium with gold.

 

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