Platinum is trading at the largest discount to gold in over 30 years. The record spread was seen on 21 January 2016 at $284/oz. Platinum price has been trading at a premium to gold for most of the last three decades. This provides spread trading opportunities using CME’s flagship Gold (GC) and Platinum (PL) futures.
This article discusses the details of trading the Platinum and Gold spread, as well as advantages and an example trade.
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.