Citigroup: Maintain the 0-3 month target prices for platinum and palladium at $1,950 and $1,500 respectively.

In a report on Tuesday, Citigroup research stated that it is maintaining its target prices for platinum and palladium for the next 0-3 months at $1,950 per ounce and $1,500 per ounce respectively. The bank added that it expects prices of platinum group metals to rise, as slowing inflation eases pressure on the Federal Reserve to raise interest rates, ultimately boosting investor confidence.