93.73 +0.12 (0.13%)
After hours: 7:50PM EST
|Bid||93.87 x 1000|
|Ask||94.16 x 1000|
|Day's Range||91.91 - 93.61|
|52 Week Range||74.61 - 96.93|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||2.03%|
|Beta (5Y Monthly)||0.42|
|Expense Ratio (net)||0.60%|
Platinum is far rarer and less well-known to investors than other coveted precious metals such as silver or gold, but is also seen as a valuable option for many investors. Platinum, which looks like silver, is a chemical element, precious metal, and commodity all in one that manufacturers use primarily for products such as autos, jewelry, and electronics.
Palladium is the most valuable precious metal at the moment, but platinum could narrow the gap against its rival, lifting the Aberdeen Standard Platinum Shares ETF (PPLT) along the way. “Palladium will cost on average more than twice as much as platinum this year, but that premium will narrow in 2021 as prices slip from record highs and platinum gains ground,” according to Reuters. Platinum is primarily used in catalytic converters in diesel-powered automobiles, but environmental concerns previously tamped down demand for the precious metal.
Thanks to as much as a 500-point drop in the Dow Jones Industrial Average in Monday’s trading session, it was risk-off for investors as they piled into safe havens like bonds and gold. Gold was on a path of bearishness after a U.S.-China “phase one” trade deal put the risk back into the markets. “After almost three weeks of consolidation, gold has now pushed higher on risk-aversion as the Coronavirus position worsens and the markets move away from risk,” said Rhona O’Connell, head of market analysis for EMEA & Asia at INTL FCStone, in a daily note.
In a year in which gold notched its best annual showing since 2010 and palladium soared, platinum and the Aberdeen Standard Platinum Shares ETF (PPLT) went largely overlooked. PPLT seeks to reflect the performance of the price of physical platinum, less the expenses of the Trust’s operations and is designed for investors who want a cost-effective and convenient way to invest in platinum with minimal credit risk. PPLT still finished 2019 with a gain of nearly 21% and there is evidence to suggest some professional investors are betting on more upside for platinum in the new year.
With palladium prices exploding the last few years while staples like gold and silver continue to see interest in times of market volatility, platinum may not have the attention of investors. “Platinum futures in the January contract settled last Friday in New York at $900 an ounce currently trading at 892 down about $8 for the trading week as prices are stuck in a 3 week consolidation pattern,” said Michael Seery of Seery Futures. “Volatility at the current time is relatively low as prices remain mixed to choppy so keep a close eye on this market as we could possibly be involved in the coming days ahead,” Seery added.
The Aberdeen Standard Platinum Shares ETF (PPLT A) and the GraniteShares Platinum Trust (PLTM C) are each up about 12% this year, which is enough to make the platinum ETFs laggards among precious metals ETFs. However, some commodities market observers believe platinum can capture some momentum into year-end.
The Aberdeen Standard Platinum Shares ETF (NYSEArca: PPLT) and the GraniteShares Platinum Trust (PLTM) are each up about 12% this year, which is enough to make the platinum ETFs laggards among precious ...
Seemingly lost in the fervor surrounding gold ETFs is the fact that platinum equivalents are on torrid paces of their own. While they retreated last Friday, the Aberdeen Standard Platinum Shares ETF (NYSEArca: ...
Platinum-related ETFs surged Wednesday as China considers loosening restrictions on vehicle purchases in an attempt to stimulate growth amid ongoing troubles over the trade war with the U.S. Among the ...
Gold and the related exchange traded funds are performing well while palladium and its ETF are on torrid paces this year, but the Aberdeen Standard Platinum Shares ETF (PPLT) . Some commodities market observers believe that is poised to change. Platinum is primarily used in catalytic converters in diesel-powered automobiles, but environmental concerns tamped down demand for the precious metal.
The Aberdeen Standard Platinum Shares ETF (NYSEArca: PPLT) is up about 2% year-to-date. While that is obviously better than a loss, PPLT’s 2019 performance, to this point, has lagged behind those of comparable ...
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The Aberdeen Standard Platinum Shares ETF (NYSEArca: PPLT) is up 7.11% year-to-date and robust demand is seen as one of the factors boosting platinum this year. Platinum is primarily used in catalytic ...
Platinum prices surged to 10-month highs after investors turned their attention to the precious metal as an alternative to the seemingly overbought palladium. Chinese equities enjoyed sizeable inflows as government stimulus and trade optimism acted as catalysts to a comeback of economic growth. Crude oil’s remarkable 2019 run spurred interest in leveraged bets while Europe’s common currency is confined by ECB’s dovish approach. Check our previous trends edition at Trending: Palladium Continues Record Run as Supply Worries Intensify.
As investors consider potential risks ahead, many are looking to ETF strategies that cover alternative assets like precious metals and commodities to help diversify a traditional stock and bond portfolio mix.
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Palladium prices and precious metals-related ETFs pushed toward new heights as the threat of strikes in South Africa tightens the supply outlook for the metal. On Monday, the Aberdeen Standard Physical ...
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