The “spot” price of metals such as gold (XAU) or silver (XAG) is the market price corresponding to the current point in time of the metal. The precious metal trading service provided by FXTM is the operation of converting the spot price of gold or silver into a major currency, such as silver against the euro (XAGEUR) or gold against the pound (XAUGBP).
Spot precious metals traders can use long-term and short-term price charts to monitor spot gold or silver price movements and subsequently trade based on expectations of price movements. Traders can choose to hold long-term or short-term positions depending on their trading strategy.
One advantage of spot metals trading is that unlike currencies, gold and silver are generally more stable during periods of volatility. These assets are often viewed as a “hedge” against inflation, meaning that regardless of the current state of financial markets, it is still possible to profit from them.
Trading precious metals
Precious metal trading is not only one of the most popular investment methods among investors, but also an important part of most investors’ diversified investment portfolios, especially gold trading and silver trading. Gold and silver have been used to exchange commodities and as currencies in ancient times. They are still active in the international financial trading market today. They are also called “safe haven assets” and “anti-inflation assets” by market participants and have always been favored by investors. Seen as a powerful tool to combat market uncertainty and inflation, more and more investors are beginning to participate in spot gold and silver transactions.
As the world’s leading international gold and silver trading platform, AntBit provides traders with online precious metals trading services for spot gold and silver, providing a safe, convenient and professional environment for buying and selling precious metals, easily using U.S. dollars and other major currencies. Currency denominated to capture market profit opportunities.
Top trading environment: The leverage of precious metals is as high as 3,000 times, and the total transaction fee for placing an order of 0.01 lots of gold is as low as US$0.23*
The real-time quotation system ensures that investors can trade at the latest precious metal market prices.
Rich precious metals trading educational resources, including online seminars, trading tutorials and market analysis, to help investors improve their gold and silver trading skills.
Professional customer service, whether it is a technical issue or a gold and silver trading inquiry, our team is ready to assist investors at any time.
*This price is calculated based on gold price of US$2,000