The value of platinum is being reassessed in recent times. A good way to benefit from the commodities market is CFD trades. Learn how to take advantage of this form of investment. Platinum is not only a sturdy metal, rare, and flexible, but also one of the most valuable metals for modern industry. South Africa took the lead as the largest producer of platinum, followed by Russia. The largest reserves of this metal from the Bushveld Complex in South Africa. As with all raw materials, a number of factors that influence the price of platinum.
The demand for key products by consumers lower when economic conditions are not favorable. Thus, raw materials like gold, used in the production of cars, computers and catalysts, have lower demand. At a time when the economy is stable, the price of platinum tends to rise and can sometimes even double the price of gold. On April 1, 2010, platinum was around $ 1,600 per ounce, which is an increase of 7% since late February. Analysts said this increase is due to the high demand for manufactured goods in U.S. markets, Europe and Asia, evidence that the world is trying to get out of recession. With many analysts predicting promising results for some of the largest producers of cars such as General Motors, Ford and Toyota, may demand for platinum hits. Still, because of repeated falls in the economic progress can not be ruled a drop in the price of platinum.
What future awaits the precious metal? One way to operate in the global market for raw materials is through the trading of CFDs. As with any investment, the greater their knowledge about the product that you want to operate, the greater the chances of success. As we have seen, the price of raw materials is subject to market fluctuations, so it is important that our CFD provider to offer guaranteed stops to limit our risk. One of the suppliers to operate in Spain with IG Markets. This company offers a wide range of graphics, news and professional analysis to help you increase your knowledge of CFD trading. CFDs are a leveraged product and carries a high level of risk. CFDs may not be suitable for anyone, make sure you understand fully the risk involved and make a constant monitoring of your investment.