Menu Close
Product_Schedule_Trading Basics
Trading Basics
Product_Schedule_Forex
Forex Trading
Product_Schedule_CFD Trading
CFD Trading
Product_Schedule_Indicies
Indices Trading
Product_Schedule_Oil Trading
Oil Trading
Product_Schedule_Meta 4
Metals Trading
Product_Schedule_Single Stock
Single Stocks
Product_Schedule_Execution7
Execution
Product_Schedule_Rollover
Rollover
Product_Schedule_Meta 4
MetaTrader 4

Metals Trading Product Schedule

Gold is traded in the spot market, and the Gold Spot price is quoted as US Dollar per Troy Ounce. Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code “XAU”).

The price of silver is driven by speculation and supply and demand; mainly by large traders or investors, short selling, industrial, consumer and commercial demand, and to hedge against financial stress. Compared to gold, the price of silver is notoriously volatile. This is because of lower market liquidity, and demand fluctuations between industrial and store of value uses. At times this can cause wide ranging valuations in the market creating volatility.