73.93 -0.11 (-0.15%)
Pre-Market: 8:47AM EDT
|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||74.02 - 75.49|
|52 Week Range||71.92 - 97.94|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.60%|
Platinum is the third most heavily-traded commodity in the world, after gold and silver. Platinum is difficult to buy and keep physically. However, investors can buy exchange-traded funds (ETFs) that specialize in the commodity.
The ETFS Physical Platinum Shares (PPLT) is saddled with a second-quarter loss of more than 9% and data suggest some professional traders are growing bearish on the white metal. “The price of platinum stayed above $900 an ounce on New York futures markets on Monday as it attempts to recover from levels last seen in January 2016 struck last week. Platinum is trading near a record discount of $400 an ounce against gold and its lacklustre performance compares to sister metal palladium 27% rally over the past year,” reports Frik Els for Mining.com.
Precious metals funds are a smart and effective way of adding diversification to an investment portfolio. When choosing the best precious metals funds to buy, there are a few criteria to follow for narrowing your search: Use ETFs or ETNs: Exchange-traded funds and exchange-traded notes are generally preferred for investing in precious metals over mutual funds. This is because most precious metals mutual funds buy stocks of miners, which offers only indirect exposure to precious metals, whereas ETFs and ETNs can offer more direct exposure through indices and commodities markets.
Platinum is used in diesel-based generators while palladium is used for gasoline-based engines. The platinum market has been in short supply for the past few years. Since the beginning of 2018, platinum has increased 2.6%. In this part of the series, we’ll focus on the gold-platinum spread, which compares the price performance between these two metals. When analyzing platinum markets, it’s essential to compare the metal’s performance with gold, which is the most crucial of the four precious metals. The comparative performance of gold and platinum can also be analyzed through gold- and platinum-based funds such as the Physical Platinum (PPLT) and SPDR Gold Shares (GLD) ETFs.
All These Are Playing Gold: Are You? Platinum and palladium are both used to lower carbon monoxide emissions and are thus used as an autocatalyst in vehicle engines. Platinum is used in diesel-based engines, while palladium is used for gasoline-based engines.
The platinum ETF may be a smart play to diversify an investment portfolio for the environment ahead. “While platinum’s narrative is linked to negative diesel sentiment in Europe and China, the shift away ...
The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and other gold-backed exchange traded products traded slightly lower last week. Ahead of the upcoming Federal Reserve meeting, some ...
As investors consider ways to diversify a stock and bond portfolio, it may be prudent to consider alternative assets like commodity ETFs that offer potentially uncorrelated returns to traditional assets. ...
The platinum exchange traded fund is retreating after European countries crack down on pollutants. The ETFS Physical Platinum Shares (NYSEArca: PPLT) fell 2.6% Thursday as the platinum spot price dipped ...
The SPDR Gold Shares (NYSEArca: GLD), iShares Gold Trust (NYSEArca: IAU) and other gold-backed exchange traded products traded slightly lower last week, but some traders believe the yellow metal is still ...
After the recent bout of market volatility, investors may want to consider alternative assets like precious metals exchange traded funds that zig as traditional assets zag. “Adding a precious metals allocation ...
Investors on Wednesday jumped into gold and other precious metals, along with commodity-related ETFs, as markets continue to worry that the Fed will raise interest rates higher than initially anticipated on the back of the Labor Department's January consumer price index.
The North American Trade Agreement, also known as NAFTA, may crumble if a deal between the three member countries is not reached in the coming months. Combined with the U.S. government shutdown, the NAFTA debacle put pressure on the U.S. dollar, which took first place in the list. Canada took second place in the list as the nation’s central bank raised interest rates. Platinum has been on a tear lately, taking third place, while consumer discretionary equities and South Korea close out the list. Check out our previous trends edition at Trending: Bonds Under Pressure as Investors Move to Equities.
This article was originally published on ETF Trends.com. At a time when the precious metal is surging, investors have a new way to access platinum via ETFs. The GraniteShares Platinum Trust (NYSEARCA: ...
When analyzing platinum markets, it's important to compare the metal's performance with that of gold, which is the most crucial of the precious metals.
All four precious metals had an up day on December 20, 2017. Gold increased 0.43% on the day and closed at $1,267.80 per ounce.