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.
As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. Comprised of four exchanges - CME, CBOT, NYMEX and COMEX - we offer the widest range of global benchmark products across all major asset classes, helping businesses everywhere mitigate the myriad of risks they face in today's uncertain global economy.
Follow us for global economic and financial news.