A dense, malleable, ductile, precious, gray-white transition metal, platinum is resistant to corrosion and occurs in some nickel and copper ores along with some native deposits. Platinum is used in jewelry, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and catalytic converters. Platinum bullion has the ISO currency code of XPT.
Platinum prices retain strong links with consumer confidence and the purchase of cars and jewellery items. In these times of slowing global economic growth the price of plattinum has remained bearish due to this negative sentiment. Platinum has recently reached a 22 month low. So far the price has not rebounded strongly.
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