Spot Metals Trading
What are spot metals?
The natural properties of precious metals give them a high intrinsic value and helped make them one of the first forms of currency. The trading of spot metals, such as gold and silver, is appealing to active traders because of the high liquidity.
Like the forex market, political and economic events can significantly influence the price of previous metals and cause their values to fluctuate. In times of market uncertainty, people often turn to the security of precious metals, with gold perceived to be an excellent inflation hedge.
Why Spot Metals With ORYX ?
Trade Rolling Contracts
Benefit From Low Spreads
Advanced Trader Platform
How To Trade Metals ?
Metals have made their way into the portfolio of traders interested in keeping their trading balanced, because they are seen as inflation-proof. At ORYX, precious metals are quoted against the US Dollar.
This means that when you trade gold, for example, you speculate on whether the price of an ounce of gold will rise or fall in relation to the US Dollar. Let’s assume that gold is trading at $1,300.60. You think that the price is about to appreciate and buy 100 oz (or 1 lot) of XAU/USD.
The price moves higher to 1,305.80 and you decide to sell. Your profit is the difference between the closing and opening price (5.20) multiplied by the number of oz (100). Well done! You just made $520.
Trading metals with ORYX
Select the platform that suits your needs between the popular MetaTrader 4. Downloaded by over 550,000 traders, the MetaTrader 4 offers an unparalleled trading experience across desktop, tablet and especially mobile.
Our ORYX support team is here to assist you with all your questions 24 hours a day, 5 days a week via email, telephone and live chat.