The price of gold and silver is controlled by the powers of demand and supply; investors choose to buy these precious metals for a number of reasons and most of all in order to diversify their assets and to rush to quality in the time of economic recession and other financial crisis. Precious metals have endured the ability to sustain their worth over time when a national currency might be losing its value. Gold is generally viewed to be a commodity that objectively reflects overall market changes and the stability of the financial world.
IMF, Central banks, and other governmental organizations have a significant role in influencing the price of gold as they hold about 19% of the world’s gold reserves. Fund managers, whole sale dealers, private investors and speculators constitute to the rest of the market players.
Trading in spot metals has become in high demand recently due to various factors such as market volatility which is caused by real time news and events, both financial and economic factors which are still the strongest influences affecting commodity trading.
Spot gold (XAU) and spot silver (XAG) are tradable commodities offered by Ocean MarketsFX on all our platforms. As with Forex trading, investors take short or long positions of the metals’ prices. Kindly note that spot trading is accessible 23 hours.
Ocean MarketsFX offers CFDs on spot metals in USD only.
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Risk Advisory: Engaging in Forex and CFD trading involves inherent risks that may result in the loss of your invested capital. We strongly advise trading only with funds you can afford to lose. It’s crucial to fully comprehend the risks associated with Forex and CFD trading, and we recommend seeking independent financial advice if necessary. Kindly review and ensure you understand our comprehensive RISK DISCLOSURE Statement.
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Disclaimer: Ocean Markets Limited operates solely as an execution service and does not offer advisory services. Occasionally, Ocean Markets Limited may release general market insights; however, such communications should not be interpreted as advice, an invitation, or an endorsement for any financial instrument. Ocean Markets Limited bears no liability for the application of this content or any outcomes thereof. The completeness of this information is not guaranteed, and reliance upon it is at the sole discretion and risk of the user.
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