CUR - PPLT: Platinum Consolidates And Could Follow Gold And Silver

2024-04-25 12:59:25 ET

Summary

• Platinum has struggled to keep up with gold's price performance, with gold surpassing platinum's record high in 2024.
• Despite geopolitical factors, such as the war in Ukraine and sanctions on Russia, platinum's price has remained unaffected.
• Platinum futures are less liquid than gold and silver, which could lead to increased price volatility when platinum breaks out of its consolidation range.
• abrdn Physical Platinum Shares ETF is the platinum fund product that holds physical platinum bullion.

It has been a long time since platinum’s nickname was “ rich man’s gold ,” and a lot has changed since those days. These days, if platinum still commanded a premium to gold, it would only be appropriate to call the rare precious metal “ rich person’s gold .”...

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