Platinum Futures Futures

This rare and precious metal has attracted intense interest from both the jewelry and manufacturing industries. Platinum is considered a more expensive jewelry option than gold because so little is mined. And in the automotive industry, the metal has been used in catalytic converters for years as a key emissions control component. Platinum and palladium are also being used in the research and development of new fuel cell technologies. And because of this strong reliance to the auto industry, platinum prices do not tend to follow gold prices in times of economic decline and bearish uncertainty.
Individuals with portfolios that lean heavily on the automotive industry can use CME’s platinum futures as a way to hedge some of that exposure or adapt a more bullish strategy when auto sales are strong and demand for the metal rises.