XPTUSD

Platinum vs US Dollar

Precious Metals

1.59%

Low - High

936 - 959

Spread
Swap Long
-5.81
Swap Short
-4.71
Margin Req.
1%
Trading Size
0.01 - 50
Contract Size
100
Leverage Up To
1:100
3-Day SWAPs
Wednesday

Platinum Price Chart

Commission per lot (single side)

CLASSIC $0  PRO $3  VIP $1.5

Open

Monday 1:00

Close

Friday 23:59

Server Time

GMT+3

Daily Break

00:00-01:00

Platinum

About

XPTUSD

Platinum, one of the top three most valuable precious metals, is traded around the clock in global commodities markets. During periods of political stability, platinum can be priced higher than gold because the annual quantity of mined platinum is significantly lower than that of gold and the cost of mining per ounce double.

Platinum is also considered an industrial metal and its price is largely determined by auto-sales and auto-production as it is used for producing automotive catalysts that reduce harmful emissions. Jewelry making is the second biggest market for platinum, followed by petroleum, and chemical refining catalysts and the computer industry.

Platinum is mostly mined in South Africa and Russia, making the metal prone to cartel manipulation which could support or even artificially increase prices. Platinum is one of the most volatile precious metals.

Why Trade Platinum

Investors trade platinum to diversify their portfolio and hedge it against currency weakness (like the devaluation of the dollar) and fluctuations in the stock markets. Also, platinum and other precious metals are seen as safe haven as they could keep their value during times of global unrest and periods of high inflation.

Platinum Spot Price

The precious metal is traded on multiple exchange markets around the globe and across multiple time zones. The platinum spot price is calculated based on the most active near-month futures contract with the highest trading volume.

What Affects Platinum Price

Industrial use, interest rates, inflation, macro-economic trends, movements of major indices like the Dow Jones, monetary and fiscal policy, social stability or unrest, and foreign relations are some of the factors that can affect the price of platinum.

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MARGIN TRADING INVOLVES SIGNIFICANT RISK TO YOUR INVESTED CAPITAL

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Trade Responsibly:Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosures for Financial Instruments
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