'The stars are aligned for platinum' - ABN AMRO

(Kitco News) - Asian jewelry demand, a lift from precious metals and a low base are some of the reasons that ABN AMRO believe platinum will head higher.

ABN AMRO published its precious metal outlook today.

The company said that the positive outlook for gold also supports platinum. Modest jewelry demand in China will rise. Demand for catalytic converters to curb emissions from internal combustion engines will carry apace. Lastly, the fuel cell technology and platinum's roll in supporting the technology will come to the fore.