forex trading courses platinum institute

The trend of rising gold/platinum ratio broke the parity line and accelerated in 2015, and reached the peak in March of 2020 during the Covid19-related lockdown, when the price of gold was 2.2 times higher than price of platinum. The next chart shows the gold/platinum ratio since 1960s.īased on the chart above, gold has been trading at discount to platinum most of the time, and the parity line of 1 served as a major resistance from early 1970s until 2014.

Here is a long-term chart of gold (in blue) and platinum (in black):Ĭurrently, gold is trading at $1700/ounce while platinum is trading at $1130/ounce - which is highly unusually based on historical data. This is a temporary disequilibrium and the price of gold and platinum will likely reach parity. However, recently gold has been trading at a very high premium to platinum. Historically, the price of platinum ( PPLT) has been higher than price of gold ( GLD). The bet on gold-platinum parity might be one of the top trades now, based on risk-return profile.

Forex trading courses platinum institute