XPT Live priceWhat is Platinum
Platinum is a rare precious metal, scarcer than gold, with a heavy industrial role. Its biggest use is in catalytic converters that clean vehicle exhaust.
Because of that, its price is closely tied to the car industry, especially diesel engines, as well as to jewellery demand and to supply from a small number of mines.
Most platinum comes from South Africa, so disruptions there can have an outsized effect on the price.
- Type
- Precious metal
- Quoted in
- USD per troy ounce
- Symbol
- XPT / spot
- Hours
- ~24/5
- Main use
- Autocatalysts, jewellery
Technical view
A live read of momentum and trend across timeframes.
Aggregated technical indicators, shown for information only. Not investment advice.
What moves Platinum
Auto industry
Catalytic converters are the biggest source of demand.
Supply from mines
Most platinum comes from South Africa, so disruptions matter.
The dollar
A weaker dollar tends to lift the metal.
Substitution
Carmakers can switch between platinum and palladium on price.
How to trade it on Chasse
You never place an order. Deploy a Chasse strategy and it trades this market for you, automatically, with a stop-loss and take-profit on every position. Which strategies you can run depends on your tier.
Live market data. Chasse is currently a simulated demo; trading results shown elsewhere are illustrative and not guaranteed.
Platinum, answered
What is platinum used for?
Mostly in catalytic converters for vehicles, plus jewellery and some industry.
What moves the platinum price?
The car industry, mine supply (mainly South Africa), the dollar, and substitution with palladium.
Can I trade platinum on Chasse?
Yes, platinum is among the metals our strategies trade automatically. Chasse is currently a simulated demo.
When does platinum trade?
Platinum trades nearly 24 hours a day, five days a week, so a strategy can act around the clock on weekdays.
How much do I need to start?
From $100. Metals sit alongside the other markets our strategies trade across the tiers.
