Brokers Providing Metal Trading
Trading metals is popular among traders, and it is something offered by almost all forex brokers. The most popular precious metals traded are gold and silver. Somehow, if you compare which is the most commonly traded metal either gold or silver, the answer is gold. Instead of other and less popular metal, the most cost-conscious traders will, therefore, stick to this metal. To this day, gold continues to be popular as a way to protect wealth when the currencies are depreciated.
Here is a list of Forex Brokers that offers metal as its instrument for trading.
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Does the interest rate correlates with gold?
There's no clear correlation between gold and the interest rate. Recurring history stated that those aspects only move contrary to each other occasionally; both move toward the same direction more often than not.
Continue Reading at 7 Gold Price Drivers You Should Know
How to choose between gold and US Dollar?
When it comes to the question of which one is better than the other, we must understand that both are essentially strong. But one thing about these assets that we can observe is that gold is priced in US dollars and tend to move in the opposite direction of the greenback. The reason is that a stronger dollar means that it would take fewer of them to buy an ounce of gold.
As the US dollar is expected to remain subdued in the coming years, gold is more likely to gain greater importance as a safe haven. While both have been great reliable assets, the circumstances in the financial markets also play a part in determining which one is winning.
Continue Reading at Gold Vs US Dollar: Which is the Better Safe Haven?
How is gold used as an investment?
As an investment, gold has unique characteristics. Its long-term profit prospect has turned it into one of the few safe havens in the financial market. This is how it influences currency. At good times, or when the world's economic prospect is good, investors will lose their gold and seek to invest in stocks and currencies. Conversely, erratic stock and currency markets will drive investors to seek safety in gold and increase the gold price.
Investors also use gold as a hedge against inflation, as it is the perfect anti-inflation instrument. Therefore, during a high inflation period, investors will seek gold and drive the price higher.
Continue Reading at Understanding the Effect of Commodity and Stock in Forex
How to calculate the gold to silver ratio?
To calculate the gold-silver ratio, divide the current price of gold by the current price of silver. For example, if gold is trading at $1,000 per ounce and silver is trading at $20 per ounce, the gold-silver ratio would be 50:1 (1000 / 20 = 50).
Continue Reading at How to Use the Gold to Silver Ratio for Strategic Investment
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