Markets.com Logo
markets.com

XPTUSD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    1353.9818$
  • Previous Close
    1358.1711$
  • 52 Week Change
    --
  • Day Range
    -4.19$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

XPTUSD.FOREX represents the spot price of platinum against the US dollar in the foreign exchange market. This financial instrument allows traders and investors to speculate on or hedge against fluctuations in the value of platinum relative to the US dollar. The price is typically quoted as the number of US dollars required to purchase one troy ounce of platinum. Price movements are influenced by various factors, including supply and demand dynamics for platinum, economic indicators, geopolitical events, and overall market sentiment.
markets.com

Factors

Platinum Supply and Demand: Mine production, industrial use (auto catalysts), and investment demand influence price.

US Dollar Strength: A stronger USD usually weakens XPTUSD, and vice-versa.

Economic Growth: Strong economies boost industrial demand, increasing platinum prices.

Inflation: Platinum can act as an inflation hedge, increasing demand.

Interest Rates: Higher rates can decrease investment demand in platinum.

Geopolitical Risks: Instability in major platinum-producing regions can increase prices.

People Also Watch

Latest news

Gold Price Today, July 24: Gold Slips to $4,043 as Dollar and Yields Rise

Gold Price Today, July 24: Gold Slips to $4,043 as Dollar and Yields Rise

Julian Parker|--
Intel Q2 Revenue Jumps 25% on AI Demand, Beats Estimates as Strong Q3 Outlook Lifts Shares

Intel Q2 Revenue Jumps 25% on AI Demand, Beats Estimates as Strong Q3 Outlook Lifts Shares

Daniel Carter|--
South Korea Tightens Rules on Single-Stock Leveraged ETFs, Raises Cash Requirement to KRW 30 Million from July 31

South Korea Tightens Rules on Single-Stock Leveraged ETFs, Raises Cash Requirement to KRW 30 Million from July 31

Daniel Carter|--

Latest Education Articles

Crypto CFD Trading for Beginners in the UAE

Crypto CFD Trading for Beginners in the UAE

Julian Parker|--
How to Trade Ethereum & Altcoin CFDs: ETH, XRP, DOGE

How to Trade Ethereum & Altcoin CFDs: ETH, XRP, DOGE

Julian Parker|--
Is Crypto CFD Trading Halal?

Is Crypto CFD Trading Halal?

Julian Parker|--
Recommended Topics
markets.com