Trading precious metals is a very popular form of trading and comes with a package of benefits that is extremely appealing to most traders.
Types of most popular precious metals in current global markets
Gold is a precious metal and malleable in nature. Historically, it has been a very valuable metal due to its precious nature and used as a medium of exchange or as currency.
Silver is one of the rarest metals on earth, and is considered a high-demand commodity by many traders. The silver trading symbol Is YI.
Platinum is mined and produced in a quantity of 5 million troy ounces. By comparison, the gold industry mines 85 million troy ounces a year, and silver 547 million. Both of these metals are also considered rare.
Copper trading has been around since the ancient romans. Being mined in various parts of the world and dating back to 8,700BC, where we know of prehistoric copper pendants and today used more frequently in copper piping.
Why Trade Precious Metals
There are many benefits and advantages of trading precious metals.
Here are some reasons why so many people are choosing this market.
Precious metals have been used all around the world for years as currency.
Variety of Options
Beside gold, silver, platinum, and other metals are also gaining popularity as investment metals.
Metals like gold and silver are considered to be a safe store of value for you to invest.
Precious metals can provide amazing returns if you sell them when the prices are high.
Spot Metals Contract Specification
Starting Sunday 23:00 GMT, ending on Friday 22:00 GMT
Trading NOT available on daily basis from 22:00 to 23:00 GMT
Trade Margin Calculation
Position Contract Size / Leverage * Currency Pair Live Exchange Rate
Spot Metals Rollover Rates/Swaps
Rollover rate is defined as the interest added or deducted for holding a spot metal pair position open overnight. These rates are calculated as the difference between the overnight interest rate for two currencies that a Forex trader is holding, whether they are long (buy) or short (sell) positions.
LIVE SPOT METALS PRICE
Live Commodities Price displays real-time quotes of the change value (both in absolute and percentage numbers), Open, High, Low and Close values for the selected commodities.