Precious Metals

Apart from spot metal trading, CFDs on commodity trading is another option that an investor may want to consider. CFDs on Commodities like crude oil, coal and tin are also good alternatives, depending on market conditions.

Popular CFDs Spot Metals

The most popular

CFDs spot metal trading are trading are:

  • Gold
  • Silver
  • Platinum
  • Palladium

These spot metals owe their popularity in CFDs on commodities trading to their intrinsic long-term value. Gold trading in particular is connected to gold’s status as the safest resource in times of uncertainty

While gold is widely regarded as the most precious metal, it is not quite the case. Due to their scarcity, metals like platinum and palladium are valued significantly higher than gold. This value is not constant and, in particular, their use in high-tech industries has caused the trading prices of certain metals to multiply manifold in a short period.

Online CFD gold trading allows you to leverage its high value against major world currencies, for example:

  • US Dollar (USD)
  • Euro (EUR)
  • Great Britain Pound (GBP)

Prices of spot metals depend on world economic conditions as well as the effect of short-term volatile events like natural disasters and war. A less drastic and more foreseeable push factor on prices is the seasonal demand for precious metals and stones used in jewellery. Each of these resources sees a spike in prices that coincide with international festivals and celebrations.

The demand for precious metals is centred on Asia, particularly India and China. On the other hand, Europe and North America lead the way in commodities trade.