Platinum

CFD on the spot price of platinum (PLATINUM)

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Metal CFD
Currency: USDMeasurement Unit: Troy Ounce
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Description:

Platinum is a chemical element, precious metal and commodity mostly used in jewelry, automobiles and electronics

Platinum is primarily mined in Russia and South Africa. Half of mined platinum is used in jewelry, although the metal is also used in the car industry in catalytic converters and fuel cells. Due to its value as a scarce precious metal and limited supply from fewer sources price movements in platinum can be volatile.

Interesting Facts:

  • It has great resistance to corrosion and is thus considered a noble metal, its also known as high octane gold.
  • Compounds containing platinum are applied in chemotherapy against certain types of cancer.
  • The metal is almost 20 times rarer than gold.
 
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