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Brokers Providing Metal Trading

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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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In actuality, there is no definite answer despite the fact that Gold and yen are both considered safe havens.

Long-term research by Goldmoney in 2017 repeatedly demonstrated that Gold is primarily influenced by three factors: real-interest rate expectations, longer-term energy costs, and central bank policies. JPY will only move following the real interest rate differential if no other forces are in action, and Gold will do the same. As long as the other factors influencing Gold prices remain consistent, Gold trades perfectly in line with actual interest-rate expectations. 

Continue Reading at The Curious Case of Gold and Yen's Correlation

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?

During the COVID-19 pandemic, the legendary investor Warren Buffett had decided to acquire a $564 million stake of the second-largest gold-mining company in the world, Barrick Gold Corporation. Keep in mind that this is the same Buffett who expressed that gold "gets dug out of the ground" and "has no utility" back in 1998.

Continue Reading at Gold Vs US Dollar: Which is the Better Safe Haven?

This involves initiating trades in a contrasting direction to the reaction of the NFP original release. The major parts of this strategy include planning with steps, waiting for the signal, and then placing trades based on the outcomes.

This strategy runs on a perception that the actual data release may trigger an overreaction from traders which usually leads to intense market activity. After the market eventually settles down, traders can then start to evaluate the size of their positions and choose whether to take their profits or reduce the losses. This kind of activity creates a suitable short-term opening for traders to take advantage of, considering the ambiguous relationship between gold and the NFP report. Of course, it's best to trade on broker that offers a low spread on gold trading.

Continue Reading at How to Trade Gold on NFP



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