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Platinum price chart, background, and sentiment |
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Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Platinum is a precious metal, used extensively in jewellery and as a stable store of value, that also has widespread industrial applications. This gives platinum contracts features of two commodity types: precious and industrial metals.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Precious metals, gold and silver the most famous, are stable stores of value. They are used in high-cost jewellery products. The jewellery market is dominated by China, India, and the United States, and provides a constant demand for both new and recycled gold. Platinum is also held physically and in the form of derivatives as a store of value. These characteristics make platinum a safe haven asset, sought after in times of market turmoil.
Conversely, platinum is also an important industrial metal, used in diverse applications such as sealant and catalytic converters. This use follows a more cyclic patters, seeing cycles following industrial demand. These two competing drivers mean platinum experiences more volatility than silver or gold, but significantly less than base metals such as copper. Both traders and longer-term investors can benefit from the mixed profile of platinum by trading physical and derivative products.
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Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities LLC – S.P.C (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates under First Category: Dealing in Securities and Fifth category: Arrangement and advice (Introduction). ADSS is a Limited Liability Company – Sole Proprietorship Company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.
