Gain a powerful edge. trading gold and other precious metals at EC Markets! Experience the power of the world’s most traded metals with ultra-tight spreads starting from just 0.1 pips.
Precious metals, like gold (XAU/USD) and silver (XAG/USD), are traded daily 24/5, with prices fluctuating constantly based on global supply and demand. Traders can capitalize on these fluctuations by buying low and selling high or selling high and buying low.
Traditionally, participating in this market was difficult due to the physical nature of precious metals. EC Markets solves this problem by giving you direct access to the precious metals market with CFDs (Contracts for Difference). This enables you to participate in the market without having to physically own the underlying asset.
What’s more, leveraged CFDs increases the buying power of traders while holding a proportionally large stake. This magnifies both potential profits and losses, offering more choice and allowing for a flexible trading strategy tailored to each trader’s abilities and needs.
Precious metals are metals that are both rare and valuable. Examples include gold, silver, platinum, and palladium. Their prices fluctuate and traders try to capitalize on these price fluctuations to earn a profit.
These markets use three letter codes for identification like XAU/USD (Gold), XAG/USD (Silver), XPT/USD (Platinum), and XPD/USD (Palladium).
Brokers often offer CFDs (Contracts for Difference) with leverage to make it more convenient for traders to participate in the precious metals market without having to physically own the underlying asset.
Investors see precious metals like gold and silver as safe-haven assets, which are used to protect their wealth against inflation, currency fluctuations, and other forms of market volatility.
During major economic events, investors buy or sell gold based on their interpretation of the wider macroeconomic impact of the event. This causes the price of precious metals to fluctuate. Traders can utilise CFDs (Contracts for Difference) to speculate on these price movements.
The prices of precious metals are fundamentally affected by supply and demand, which shift based on various economic factors such as:
Global inflation and interest rates
The actions of central banks
The strength of the US dollar
Industrial demand for precious metals
Monitoring these factors enables traders to anticipate changes in prices, enabling them to make educated trading decisions.
Precious metals like gold are physical assets with underlying value, and are therefore often less volatile than forex markets. While currency prices change based on the economic conditions of both countries, precious metals are primarily influenced by the strength of the US dollar and general economic sentiment – offering relative stability for long-term investing as well as opportunities for short term trading.
The most popular precious metal pairs all include economically significant precious metals paired with the US dollar. These pairs are more liquid and traded widely in the global market. The most traded precious metal pairs include:
XAU/USD (Gold vs US Dollar)
XAG/USD (Silver vs US Dollar)
XPT/USD (Platinum vs US Dollar)
XPD/USD (Palladium vs US Dollar)
These precious metals are traded for speculation, hedging, and investment purposes.
EC Markets gives traders looking to participate in the global precious metals market instant market access to popular precious metals such as gold and silver.
With low spreads, lightning-fast order execution, convenient and secure and withdrawal methods, generous leverage, and flexible trading sizes, EC Markets is the perfect choice for traders looking to step into the precious metals market!
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