CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Platinum

CFD on the spot price of platinum (PL).

Product Type: Precious Metal CFD Subtype: Metal
Currency: USD Country: United States (US)
Trading Hours: According to market Measurement 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 the 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.
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PLATINUM Market Sentiment
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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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