| Spread | 5.00 | ||||||||
|
Long position overnight fee
Long position overnight funding adjustment
Go to platform | -0.01784% | ||||||||
|
Short position overnight fee
Short position overnight funding adjustment
Go to platform | 0.00962% | ||||||||
| Overnight fee time | 21:00 (UTC) | ||||||||
| Min traded quantity | 0.1 | ||||||||
| Currency | USD | ||||||||
| Margin | 1.00% | ||||||||
| Commission on trade | 0% |
| Date | Close | Change | Change (%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Oct 23, 2024 | 1030.90 | 2.55 | 0.25% | 1028.35 | 1035.90 | 1027.25 |
| Oct 22, 2024 | 1028.25 | 23.15 | 2.30% | 1005.10 | 1031.25 | 1003.10 |
| Oct 21, 2024 | 1004.80 | -11.40 | -1.12% | 1016.20 | 1024.40 | 1001.85 |
| Oct 20, 2024 | 1016.15 | 0.95 | 0.09% | 1015.20 | 1021.00 | 1015.10 |
| Oct 18, 2024 | 1009.35 | 15.45 | 1.55% | 993.90 | 1015.85 | 987.85 |
| Oct 17, 2024 | 993.95 | -4.30 | -0.43% | 998.25 | 1011.00 | 987.85 |
| Oct 16, 2024 | 998.20 | 15.25 | 1.55% | 982.95 | 1001.20 | 982.75 |
| Oct 15, 2024 | 982.75 | -8.60 | -0.87% | 991.35 | 996.45 | 973.80 |
| Oct 14, 2024 | 992.15 | 19.00 | 1.95% | 973.15 | 999.80 | 965.50 |
| Oct 13, 2024 | 973.95 | -4.50 | -0.46% | 978.45 | 978.45 | 966.85 |
| Oct 11, 2024 | 982.40 | 9.70 | 1.00% | 972.70 | 985.75 | 969.95 |
| Oct 10, 2024 | 972.85 | 21.75 | 2.29% | 951.10 | 974.95 | 949.65 |
| Oct 9, 2024 | 951.30 | -2.70 | -0.28% | 954.00 | 958.15 | 942.00 |
| Oct 8, 2024 | 954.15 | -16.25 | -1.67% | 970.40 | 976.20 | 948.60 |
| Oct 7, 2024 | 970.50 | -17.10 | -1.73% | 987.60 | 993.90 | 967.40 |
| Oct 6, 2024 | 987.50 | -0.05 | -0.01% | 987.55 | 990.60 | 987.25 |
| Oct 4, 2024 | 983.85 | -9.95 | -1.00% | 993.80 | 1007.25 | 982.70 |
| Oct 3, 2024 | 993.70 | -13.85 | -1.37% | 1007.55 | 1007.55 | 978.60 |
| Oct 2, 2024 | 1007.30 | 17.20 | 1.74% | 990.10 | 1013.30 | 984.20 |
| Oct 1, 2024 | 990.20 | 9.30 | 0.95% | 980.90 | 1000.85 | 976.15 |
Calculate your hypothetical P&L if you had opened a CFD trade on a certain date (select a date) and closed on a different date (select a date).
Platinum is a shiny white metal that is used for a variety of different reasons around the world. Today, this rare precious metal is one of the most expensive commodities available in the market. For decades, platinum has attracted international investors keen to diversify their portfolio and hedge against any financial uncertainty.
Based on the historical platinum price graph, the metal reached its record low of $87.70 in January 1972 and a record high of $2,290 in March 2008.
Join Capital.com to always stay up-to-date with the latest platinum price.
As platinum is a precious metal, it is believed to be a safe-haven investment similar to gold. However, this is not always the case. The price of platinum relies heavily on the rules of supply and demand and thus, can be extremely volatile.
In times of economic turbulence, the platinum price tends to decrease in relation to gold, while during political stability and routine periods of market activity, it usually rises higher than the yellow metal. Although used as hedge by some and as jewellery for others, platinum’s value is closely correlated to the demand for its industrial usage.
While platinum is a precious metal, it is often used in a similar way to industrial metals, such as silver, copper or aluminium. The biggest market for platinum is the automotive industry, which currently accounts for up to 50 per cent of its total usage. The jewellery industry is the second-biggest consumer of the metal, using over 30 per cent of the platinum mined.
Other industrial applications of this precious metal include fuel cells, oxygen sensors, turbine engines, spark plugs, dentistry equipment, magnets and many more.
In times of weak economic performance, the demand for vehicles, heavy machinery and others powered by engines containing platinum decreases, so the platinum price consequently falls. Conversely, as industrial demand increases so does the metal’s price. Therefore, the platinum rate significantly relies on the wider performance of the global economy.
In regards to supply, experts suggest that platinum is about 15-20 times scarcer than gold, based on annual production. Its mining is primarily concentrated in one country – South Africa, which accounts for some three-quarters of the total production of the metal worldwide. Other major producers include Russia, Zimbabwe, the United States and Canada.
With Capital.com’s comprehensive platinum chart you can quickly find the latest platinum price and trace the historical value of the precious metal over the years.
US elections: Trump leads the polls, but tariff talk spooks investors
As the US elections get closer we look at how Trump’s tariff plans could affect markets.
15:02, 22 October 2024Gold markets to trade
Last week, we explored the basic fundamental and technical approaches to gold trading. Having covered the key price drivers of this critical asset and how you might use data to trade it, you’re ready to assess the conditions for entry. But there are a range of markets that can effectively give you exposure to gold.
08:00, 21 October 2024US earnings seasons off to a solid start as focus shifts to tech giants
The US earnings season has started on a positive note, with major banks exceeding expectations and boosting market sentiment.Key themes for the sector include investments in artificial intelligence, capital expenditure returns, and consumer trends in advertising and e-commerce. The S&P 500 continues to climb, driven by strong earnings, resilient economic growth, and the potential for interest rate cuts. Keep an eye on significant support and resistance levels as the market tests new record highs.
14:31, 17 October 2024ECB Preview: cooling growth and inflation call for another rate cut
Markets are convinced the European Central Bank (ECB) will cut rates by 25 basis points again at Thursday’s meeting.
12:41, 16 October 2024Australian labour force data forecast to reveal stable jobs market
Australia's labour market remained stable in September 2024, with the unemployment rate forecast to hold at 4.2%, supported by a 25,200 person rise in employment. Despite the economy teetering on the edge of recession, strong hiring trends persist, challenging market economists' predictions.
07:41, 15 October 2024Applying fundamental and technical strategies to Gold Trading
Last week, we visualised the key potential drivers of gold in a chart focused on recent performance. Understanding the factors that can move gold prices is essential, but translating that knowledge into effective trading strategies is where the real potential can lie.
08:00, 14 October 2024S&P 500 expected to deliver modest earnings growth in Q3
Earnings growth across the S&P 500 is expected to be modest in Q3, with a projected 4.2% increase in EPS, down from 7.8% in the previous quarter. Information technology, health care, and communication services are poised to drive growth, particularly IT with a forecasted 15% year-over-year EPS increase.
12:40, 11 October 2024Learn more about platinum trading – from how the market works and what drives the prices, to different types of instruments and trading strategies. Read on to find out how to trade platinum with CFDs on Capital.com.
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