PPLT Stock Recent News

Platinum has struggled to keep up with gold's price performance, with gold surpassing platinum's record high in 2024. Despite geopolitical factors, such as the war in Ukraine and sanctions on Russia, platinum's price has remained unaffected. Platinum futures are less liquid than gold and silver, which could lead to increased price volatility when platinum breaks out of its consolidation range.

There was a growing unease on Wall Street last week, caused by disappointing corporate updates from major banks, reigniting concerns about persistent inflation and the likelihood of sustained elevated interest rates.

abrdn Physical Platinum Shares ETF is a popular way for investors to buy platinum, which is currently undervalued compared to gold. Platinum has historically traded at a premium to gold, but the price relationship has inverted, presenting a potential buying opportunity. Platinum has various industrial uses and could see increased demand in the future with the rise of hydrogen fuel cell-powered vehicles.

Platinum traded higher than palladium this month for the first time in nearly six years, with expectations for a back-to-back annual supply shortage and rising demand for platinum boosting prospects for higher prices.

Platinum is a unique precious metal with diverse applications, including in the automotive industry and emerging hydrogen fuel cell technology. abrdn Physical Platinum Shares ETF offers a cost-effective and convenient way to invest in physical platinum. The PPLT ETF stands out among other platinum funds due to its liquidity, higher assets under management, and daily trading volume.

Platinum remains a weak link in the precious metals sector, but its supply-demand deficit and rising demand make it an attractive investment. The platinum-gold spread is at a record low, indicating platinum's underperformance compared to gold. Despite a growing platinum deficit, investors have ignored the supply-demand imbalance, keeping platinum prices low.

Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we look at ETFs in the nuclear energy sector, which has emerged as one of the best performing ETF themes this year, driven by a notable surge in uranium prices.

Platinum prices have declined by 8% in 10 months, making it appear to be a bargain compared to other precious metals. The platinum market is experiencing a deficit in supply, but economic concerns and rising interest rates have prevented a significant rally. The geopolitical landscape, particularly the ongoing war in Ukraine, threatens the supply of platinum from BRICS countries, which dominate worldwide production.

PPLT is a convenient tool to match the dynamics of platinum without physically holding the precious metal. The dynamic of platinum prices has reflected China's economic recovery since the beginning of the year. I recommend a Hold action of PPLT's shares, due to mixed expectations of China's recovery and other risk considerations mentioned in the article.

April brings with it seasonal tailwinds for the equity world. Digital Assets, Sugar, Platinum, Biotech and Homebuilding were clear winners in the month.