Russian’ exchange to launch platinum, palladium futures trading
The announcement comes just days after China said it would begin offering the same investment options by the first quarter of 2025
Just a few days after China announced it would begin offering platinum and palladium futures contracts through its Guangzhou Futures Exchange, Russia has announced its following suit.
The two BRICS alliance powerhouse nations will be fully operational with the trade offerings by 2025, with Russia expected to launch on Oct. 21 through the Moscow Exchange and China’s offerings to become operational by early next year.
See also - China to launch platinum, palladium futures in Q1 2025
The Moscow Exchange is settled in rubles, allowing Russian investors to obtain non-physical and direct exposure to the two precious metals without using foreign currencies.
“It is noted that instruments with pairs in the precious metals market — platinum/ruble and palladium/ruble were added to the system in a state of technical readiness on Aug. 5,” a report from Russian news agency Oreanda-News states.
Palladium prices have dropped significantly over the past five years. (Source: TradingView)
Palladium prices fell by 38% last year, leading some speculators to begin eyeing the precious metal as an alternative to gold and silver, which have performed admirably in the past three years. Platinum prices have also been depressed and are trading around $1,000 an ounce, well off of all-time highs that surpassed $2,000 an ounce.
Augusta Precious Metals $0 (10 Years) $50,000 "Best Overall" by Money Magazine, Award-Winning for 6 Years, Thousands of 5-Star Rankings Goldco Vary $25,000 Industry leader with over $2 Billion in gold and silver. Top rated precious metals company with buy back guarantee American Hartford Gold Vary $10,000 American Hartford Gold, ranked #1 Gold Company on Inc. 5000, boasts thousands of A+ BBB ratings and 5-star reviews, endorsed by Bill O'Reilly and Rick Harrison..Expand Details
Renowned for its exceptional customer service and commitment to transparency, Augusta Precious Metals has garnered numerous accolades, including "Best Overall" from Money magazine and "Most Transparent" from Investopedia. The company's dedication to educating and supporting its clients has earned it top ratings from organizations such as A+ from BBB and AAA from BCA.Expand Details
From precious metals iras to direct purchases of gold and silver, goldco have helped thousands of americans place over $2 billion in gold and silver. Top-rated precious metals company rated A+ by the better business bureau rated triple a by business consumer alliance earned over 6,000+ 5-star customer ratings Money.Com 2024 best customer service 2024 inc. 5000 regionals: pacific ranked #17 2024 gold stevie award, fastest growing company inc. 5000 award recipient, 8+ yearsExpand Details
With over $2 billion in precious metals sold, American Hartford Gold helps individuals and families diversify and protect their wealth. Their expert team provides investors with the latest market insights and a historical perspective, ensuring informed decisions. Trusted by public figures and praised for exceptional customer service, the company offers competitive pricing on top-tier gold and silver coins, backed by a 100% customer satisfaction guarantee
Jerusalem Post Store
`; document.getElementById("linkPremium").innerHTML = cont; var divWithLink = document.getElementById("premium-link"); if (divWithLink !== null && divWithLink !== 'undefined') { divWithLink.style.border = "solid 1px #cb0f3e"; divWithLink.style.textAlign = "center"; divWithLink.style.marginBottom = "15px"; divWithLink.style.marginTop = "15px"; divWithLink.style.width = "100%"; divWithLink.style.backgroundColor = "#122952"; divWithLink.style.color = "#ffffff"; divWithLink.style.lineHeight = "1.5"; } } (function (v, i) { });