Gold prices are shining: Time to act!

31 July, 2020

Amid the ongoing coronavirus crisis, only one asset has had full immunity. While tech stocks and delivery services have been pretty good earners in recent months, they were all still affected by the initial bear market and have certainly had their ups and downs since. Gold, on the other hand, has been a consistent winner right from the moment the pandemic downturn struck. That's right: the quintessential safe harbor has unsurprisingly done exceptionally well during the pandemic. Many investors who went for the textbook hedge back in March have been rewarded handsomely for their faith in gold.

In early March, the precious metal was trading at around $1570 per Troy ounce, but over the ensuing months, it has risen nearly 30%, even recording new all-time highs just this week. An impressive rally over the previous fortnight has seen gold rise from $1810.00 to an unprecedented $1959.00 today (30/07/2020). And with no end to the crisis currently insight, we could well be in for ever-higher highs in XAUUSD. In truth, a break above the new psychological resistance of $2000 feels almost inevitable unless a viable vaccine somehow makes it to market in a matter of weeks from now.

In the meantime, many investors are wondering how to respond to the current volatile situation. The gold market is truly balanced on a knife-edge right now; nobody knows where prices could be headed in the next few weeks.

How to get your piece of the action


Perhaps you feel like there's still some fuel in gold's tank and would like to take advantage of the opportunity before COVID-19 is finally banished and confidence in risk assets returns to normal levels. Or maybe you're looking at the progress being made by Moderna and Pfizer and thinking that the yellow metal is overpriced, with a trend reversal due any day now. Whatever your predictions are on gold, you'll always find exciting trading opportunities with Libertex. Because we offer both long and short positions, whether you think the price of the commodity will rise or fall, you can still test your luck with Libertex.

So, if you're ready to put your money where your mouth is on gold, we've got some good news for you. From July 30, 2020, Libertex will be lowering its commission on the yellow metal by a whopping 20% for all of its MT4, MT5, and Libertex traders for two weeks. This means that our already generous 0.02% commission in Libertex platform will be just 0.016% for the duration of the promotion. And if that wasn't enough, we'll also significantly reduce our gold spread. Just to give you an idea of the offer: our typical MT instant spreads are around 38-42 pp. But, under our limited-period terms, these will be slashed to 30-35 pp. MT market users will have it even better: their usual 34-38 pp spreads will be cut to an irresistible 26-31 pp (with commission of $4 per lot).

With our generous gold promotion starting today, there has never been a better time to get into trading. Come join the ranks of Libertex traders now!


Source  
Libertex client receives one-of-a-kind experience8 Apr, 2021  

On 25 March, one online trading enthusiast received an unexpected gift from Libertex in the form of a one-of-a-kind customised car presented at the...

Central banks fashionably late to the party5 Apr, 2021  

The last 12 months have been a rollercoaster ride for digital currencies and their holders. Countless millionaires have been made, and these once-niche instruments...

Potential bargains amid a bullish bonanza16 Mar, 2021  

With all the recent commotion over green energy and electric vehicles, several other key future industries have looked somewhat neglected. Now, EVs and renewables...


Trade crude CFDs on Libertex11 Feb, 2021  

After several false starts over the past few weeks and months, it appears as though the coronavirus crisis is finally coming to an end. Barring the odd rogue...

Libertex makes the number of user MT4 accounts unlimited3 Feb, 2021  

As part of our tireless efforts to provide our clients with the best trading experience possible, we have made some more favourable changes to our terms and conditions...

Libertex: The Great Bitcoin Rush 2.026 Jan, 2021  

Although Bitcoin has been around for over a decade now, it really only gained mass recognition about three years ago. After much sideward trading and slight...


Thank you all for making this a year to remember29 Dec, 2020  

Despite all the negativity surrounding 2020, it has actually been a year of many landmark achievements for Libertex. But none of that would have been possible...

Libertex adds yet another payment method2 Dec, 2020  

After much anticipation, Libertex is delighted to announce that it is adding PayPal to its already extensive list of payment options. Famed for its accessibility...

A whole generation was missing out on online trading25 Nov, 2020  

It's no wonder that millennials and Gen Y were shy about stocks. To the average person, investing is only something to consider after padding one's savings, paying...

Top 10 Forex Brokers 2021

200+ Forex Brokers
Top 10 Profitable Forex Advisors
The Most Profitable Forex Advisors

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the Top 10 Forex Advisors including Equilibrium, Excalibur, Night Owl...

Top 10 Forex Advisors 2021

Forex Advisor Yield, %
1Flex300
2Fortnite135
3FX Classic Trader335
4Happy Frequency1163
5FX BlasterPRO180
6Trade Manager65.39
7FXCharger77.31
8Forex Truck246
9Alfa Scalper49.36
10XFXea180
All Forex Advisors
TOP 10 Best Forex Trading Platforms
Best Forex Platforms 2021

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets...

Top 10 Forex Platforms 2021

All Forex Platforms