Enjoy the benefits of trading precious metals
Expand your investment portfolio by trading Gold, Silver and other Spot Metals.
Advantages of Trading Precious Metals with PomeloFx
|Symbol||Description||Digits||Tick Size||Minimum Volume|
|XAUUSD||Gold Vs US Dollar||2||0.01||0.01|
|XAUAUD||Gold Vs Australian Dollar||2||0.01||0.01|
|XAUEUR||Gold Vs US Euro||2||0.01||0.01|
|XAGAUD||Silver Vs Australian Dollar||3||0.001||0.01|
|XAGUSD||Silver Vs US Dollar||3||0.001||0.01|
What are Precious Metals?
Precious metals like Gold and Silver are tradable instruments classed as a commodity, therefore making their price relatively uniform across the world.
Traders tend to use precious metals as ‘safe-haven’ assets which become more tradable as economic developments and political unrest cause increased volatility across other markets. Afterall, when adverse market conditions arise from war, recession, government debt issues etc, Gold retains its value whereas stocks and currencies are vulnerable to significant losses.
Gold and Silver are characteristically limited in supply, which means that they tend to be of higher value. Where Gold is used as the main safe-haven asset, Silver is typically used in industrial production. Therefore, it’s more susceptible to price fluctuations from changes in business conditions.
Benefits of trading Gold and Precious Metals
Start trading Precious Metals with PomeloFx
Signup for an account
Complete registration, Log in to your Client Area and upload the required documents.
Verify your account
Once your documents are approved, create a Live Trading account.
Add funds & trade
Select a payment method, fund your trading account and start trading.
Precious Metals Trading FAQ
Buying and selling precious metals doesn’t require you to buy or sell the physical product. You’re simply speculating on the changes in price, just like you would with other financial derivatives.
Price drivers for precious metals, however, are inversely different to other types of financial instrument. Where stocks and shares may see a decrease in value following political unrest or war, precious metals see an influx of investment, driving their prices higher.
Factors that usually affect precious metal prices are supply and demand, national and global economic trends, inflation, USD strength, interest rates, government policy, technology and more.
There are many geopolitical and economic factors that will have an effect on the price of a commodity. Without question, the biggest factor influencing commodity prices is supply and demand in the market. Stay on top of market news and equip yourself with weekly and daily forecasts from our analysts to make informed decisions.