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Platinum Course - Frequently asked questionsFind outthe most frequently asked questions about the Platinum Course
The platinum price is influenced by several factors. There is a continuous price that changes every second, as well as two fixings (London), every day from Monday to Friday.
Platinum prices can fluctuate due to a number of economic and geopolitical factors:
- Supply and demand
- Inflation andhe stock market
- The Dollars Americans
- Central bank buying & selling
- Events Geoand stability of countries
- Rising or falling currenciess
In fact, several factors can influence the platinum price.
The most important factor influencing the price of platinum is the relationship between supply and demand. If demand outstrips supply, the price of gold rises.
Industry is the leading consumer of platinum: jewelry and watchmaking (jewelry manufacture), new technologitechnologiesingots and coins.
During the festive season, platinum prices systematically rise, boosted by jewelry. L'India is the world's leading platinum-consuming country, followed by China.
The London Bullion Market Association (LBMA) sets the gold price. Its headquarters are in London.
The LBMA, which stands for London Bullion Market Association, is responsible for monitoring and controlling the quote of gold.
Who are the members of the LBMA?
- International banks
- Precious metals dealers and manufacturers
The gold price is set twice a day from Monday to Friday (10:30 am GMT and 3:00 pm GMT).
Equivalent to 31.10347 grams of platinum, the ounce is an ancient unit of weight still used today to weigh the yellow metal.
You can follow the Platinum Price in real time on our website GOLDMARKET.fr or on our application. You can download our application by clicking here
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