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Precious metals rank high among the top commodities for trading. Classified as hard commodities, they are obtained from the earth or extracted from natural resources. Trading metals through Contracts for Difference (CFDs) offers a distinctive opportunity with numerous benefits.
When trading precious metals through Contracts for Difference (CFDs), you don’t need to own the underlying asset, which reduces investment costs. There’s no need for storage, and traders can profit from both rising and falling prices. The prices are aligned with those on the London Metal Exchange (LME), the world’s largest market for base metals and other metals ETFs.
Several factors influence the prices of precious metals, including supply and demand, interest rates, economic uncertainty, industrial output, and the strength of the dollar. Traditionally, precious metals like gold are seen as safe havens during times of market volatility. Traders often engage in metals trading to reflect their views on specific industries or to hedge their portfolios.
By conducting thorough analysis, CFD traders aim to predict the direction of metal prices and profit from price movements over both short and long-term periods. The metals market operates 24 hours a day, five days a week.
CWG Markets allows trading the spot price for metals including Gold or Silver against the US Dollar with one of the most competitive spreads in the market. Open an account to access our award-winning platforms, professional charting tools, top market insights, and more.
Because CFDs are leveraged products, you can control large positions with just a small margin deposit. Metals like gold, known for their high liquidity, enable commodities trading to provide greater leverage compared to many other trading instruments.
Swap values may be adjusted daily based on market conditions and the rates provided by our Price Provider, applicable to all open positions. Triple swaps are applied every Wednesday. Swaps for XAU and XAG are expressed in pips per 1 lot.
During the period from 23:55 to 00:05 server time, increased spreads and decreased liquidity may occur due to daily bank rollovers. If liquidity or spreads are inadequate during this rollover period, widened spreads and significant slippage may happen, potentially preventing order execution.
To view an indicative swap, right-click on an asset in your platform and select ‘Specification’.
Forex market is the largest market with liquidity in the world. Its daily average trading volume exceeds 8 trillion US dollars. With CWG, you can not only access top currency pairs, but also get the tools and support you need to access the world's largest market.