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XPTUSD is a commodity pair representing the price of platinum expressed in the US Dollar. Like other precious metals like gold and silver, platinum is an investment commodity used as a portfolio hedge. The USD is the number one most traded currency in the world. Platinum has physical uses, too, primarily in the jewellery, industrial, and automotive sectors.

Platinum is traded on global commodities markets and is considered the most volatile precious metal. It is also more rare and durable than gold. Today, most of the world’s platinum production is mined in South Africa, followed by Russia. In China, 50% of the mined platinum goes into jewellery.

A range of external factors affects the platinum price, so investors need to monitor economic and financial news relating to the commodity.

Since the 2007/2008 financial crisis, the platinum price has trended lower due to growing interest in other metals. Regulations and negative news surrounding major platinum-producing countries like Russia, South Africa, and China also impact the XPTUSD share price.

As with any commodity, there are different ways traders and investors can get involved in the platinum market. Traders have the option to buy and sell platinum futures and use them as a hedging tool. Traders can also open a contract for difference (CFD) trading account to speculate on the platinum price.

Because the platinum and commodity market is volatile and heavily influenced by external factors, commodity CFD trading is advantageous because you can benefit from both falling prices and increasing prices. Other than commodities, you can also use CFD trading accounts to trade other instruments like shares, forex, and indices.

Investors can buy exchange-traded funds (ETFs) that specialise in platinum. These ETFs can either focus on investing in one single commodity held in physical storage or commodities futures contracts.