Trading Spot-metals

1 May, 2018

Trading Spot-metals

The minimum amount of contract is 100 ounce for Gold and 5000 ounce for Silver. Quotes for Gold and Silver are shown in USD and Euro. You can see it from the name of the contracts.

Nowadays prices for Gold and Silver are quoted in USD and Euro. 

The leverage varies from 1:1 to 1:1000. Spread is 5 USD per contract both for gold and silver. 

You can open both long (buy) and short (sell) positions. But remember that if you roll over your position to the following day the swap/rollover is charged. Swap varies depending on the asset and trader’s position (long or short)

Golden bullions


Gold prices are set every day on the London Gold Fixing – a traditional ceremony which gold market-maker banks take part in. Object of the trade is good-deliver bullions – bullions of standardized size and quality.


Source  

Related materials

5 December, 2018

New trading terminal: MetaTrader 5

A popular trading platform MetaTrader 5, the next generation of MetaTrader 4 terminal, is now available for the clients of Grand Capital. As its predecessor, the new version offers a user-friendly interface...

23 November, 2018

Finances and trading up close

Since 2011, we’ve collected a lot of knowledge about financial markets, money management, long-term and short-term investments, trading psychology, and other fields related to trading and saving...

6 November, 2018

IronFX introduces IronX

IronFX is delighted to announce the launch of IronX public sale. The IronX ICO, which starts on November 1st, comes just a few weeks after the successful completion of a private sale of the IRX token...

24 October, 2018

XM Attended Cairo Investment Expo

On 22-23 October, XM participated at one of the most reputable financial exhibitions in the Middle East and North Africa, the Cairo Investment Expo, which took place in the Egyptian capital, Cairo...

16 October, 2018

$25 Welcome Bonus from Grand Capital

Today, Grand Capital is an international company with offices operating all over the world. Over 300,000 clients, multi-language support (9 languages), modern services, favorable trading conditions...

10 October, 2018

XM Awarded for Best Customer Service

We are proud to announce that the readers of Shares Magazine have voted XM as the broker with the Best Customer Service this year. The official ceremony of Shares Magazine’s widely recognized 2018 UK Forex Awards...