One of the world's first currencies and a government-issued currency standard for hundreds of years, metals are still extremely popular trading tools. Precious metals like gold, silver, platinum, palladium or even commodity metals like copper have numerous ways for usage, from electronics to jewelry.
The traders can use both long and short-term price charts to monitor the price movements of gold or silver or other metals and then place a trade based on how they predict the price movements. Traders choose to hold a long or short position according to their strategy.
Unlike currency pairs, gold and silver are generally more stable during volatile times. These assets are typically viewed as a 'hedging' against inflation, meaning that whatever the current state of the financial market, there are still opportunities to potentially profit from them.
The gold is the most favorable metal of all times which is influenced by various factors, including supply and demand dynamics, global economic conditions and geopolitical events. Traders can speculate on US dollar (XAU/USD) or EUR (XAU/EUR) prices thanks to the contracts for difference (CFDs) offered by Limit Markets. Hence, our traders can profit from both rising and falling gold prices without physically owning the underlying asset. The value of gold is influenced by various factors, including supply and demand dynamics, global economic conditions, geopolitical events, and investor sentiment.
Traders can control 1 ounce of gold by trading 0.01 lot with Limit Markets
With Limit Markets, traders can also speculate on the price movements of silver in relation to a the US dollar (XAG/USD). Although the silver often tracks the pricing of gold due to store of value demands, the ratio between those two precious metals vary and you can benefit from this difference in ratio by opening a long or short position in the Silver CFDs.
Traders can control 50 ounces of silver by trading 0.01 lot with Limit Markets
Our highlighted services offer you a range of advantages to enhance your trading experience: