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Platinum is the Metal to Watch

Platinum is the Metal to Watch 

Platinum prices traded at their highest level in more than six years amid improving industrial demand and ongoing interest from investors, who are betting that the precious metal will play a key role in the transition to cleaner energy. 

Last week, platinum traded as high as $1,281.40 an ounce, the highest level since Jan. 2015. Since then, platinum has slipped, and gold dropped as a rebounding dollar curbed the appeal of precious metals. 

Despite the slip, Platinum is the metal to watch.  The metal has climbed around 20% so far this year, outperforming all its peers, on signs that an economic recovery from the pandemic is set to boost demand for the metal used in catalytic converters. 

Increasingly, Platinum is being viewed as a bet on a greener economic recovery from the pandemic. Europe, China and the US are all tightening emissions standards this year, boosting demand for platinum-group metals. Platinum’s green credentials are also burnished by its use in the hydrogen economy, though physical demand from the sector is likely to remain modest in the near future.

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Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.

To find out more about Errante, visit https://errante.eu.

 

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Notely Trading Limited is an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number 383/20, registration number HE394425 and with registered office at 30 Karpenisiou, 1077 Nicosia, Cyprus. The Company is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.

The website (www.errante.eu) is operated by Notely Trading Ltd.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% 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. Read our Risk Disclosure.

Errante brand is authorised and regulated in other jurisdictions:

Errante Securities (Seychelles) Ltd (https://errante.com/) is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.

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© 2024 Notely Trading Ltd. All rights reserved.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% 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.Read our Risk Disclosure.

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