Citigroup Research said in a report on Tuesday that it will keep the target prices of platinum and palladium unchanged for the next 0-3 months, at 1,950 US dollars and 1,500 US dollars per ounce, respectively. The bank added that platinum group metal prices are expected to pick up, as slowing inflation reduces the pressure on the Federal Reserve to raise interest rates, which will eventually boost investor confidence.

Citigroup Research said in a report on Tuesday that it will keep the target prices of platinum and palladium unchanged for the next 0-3 months, at 1,950 US dollars and 1,500 US dollars per ounce, respectively. The bank added that platinum group metal prices are expected to pick up, as slowing inflation reduces the pressure on the Federal Reserve to raise interest rates, which will eventually boost investor confidence.