Platinum futures are financial instruments used for trading platinum as a commodity. Traders can speculate on the future price of platinum and manage their exposure to price fluctuations. A platinum futures contract represents an agreement to buy or sell a specific quantity of platinum at a predetermined price and date in the future. These contracts are traded on commodity exchanges, such as the New York Mercantile Exchange (NYMEX) and the Tokyo Commodity Exchange (TOCOM). Platinum futures are utilized by various market participants, including platinum producers, jewelry manufacturers, and investors. The price of platinum futures is influenced by factors such as global supply and demand dynamics, economic indicators, geopolitical events, and industrial uses of platinum.
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