Best Metals Trading online with EnclaveFX
Varied trading metal instruments include a varied range with EnclaveFX includes: gold silver, platinum, and a diversified portfolio of trading strategies
What is Metals Trading?
Within FP Markets, our experts offer you all the required gainful insights into the most well known precious metals that sum up an important commodity asset class. Metals trading is very closely linked to the outlook for the overall markets across the globe and all the major currencies and metals are mostly traded against major currencies and metals are traded against major currencies in the same manner that currency pairs are traded on various platforms. Different factors that affect precious metal prices include supply and demand, interest rates, economic uncertainty, industrial output and the power strength of the dollar with precious metals like gold earlier considered as a safe and sound asset in the volatile and movement times.
How Does Metals Trading Work?
Trade within the wide range of multiple currencies
|Standard A/c||Raw ECN A/c|
|XAUUSD||Gold vs US Dollar||0.16||0.29||0||0.13|
|XAUAUD||Gold vs Australian Dollar||0.56||0.88||0.46||0.78|
|XAGUSD||Silver vs US Dollar||0.012||0.02||0.01||0.01|
|XPDUSD||Gold vs Australian Dollar||0.016||0.03||0.014||0.02|
Simple Application Process gives you Easy Trading Giving Outstanding Results
An example of
increased and explored Metals Trading
The bid is actually the price you sell. This is actually the price at which you sell the asset, The highest price from these both is the asking price or buy price, it is the rate at mentioned price of an asset. The difference between both these prices is the “spread”. It is actually the cost of trading. Depending upon the liquidity of the asset and the selection of the broker, the spread can either be tight or wide.
Why Trade CFD with Enclave FX?
Benefits of Trading precious Metals with Enclave FX
Factors Affecting Precious Metal Prices
Supply and Demand: Applicable across all products and services, the same also applies to precious metals. A shortage in metals or the increased demand for their use can affect prices. Let’s take industrial metals such as copper or aluminium. A technological advancement may create an alternative for their use and decrease their value.
Macroeconomic Variables: Data relating to interest rates and GDP affect a significant amount of metals. One of the reasons is because metals are seen as a safe-haven, and an alternative investment to the cash rate provided by financial institutions.