FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
Markets.com information and reviews
Markets.com
89%
FxPro information and reviews
FxPro
88%
EUR/USD
1.1724
BTC/USD
43 929.71
GBP/USD
1.3660
USD/JPY
109.9404
USD/CHF
0.9241
USD/CAD
1.2664
EUR/JPY
128.8966

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

Related

Trading Commodities with Moneta Markets
Trading Commodities with Moneta Markets

With 15 of the most liquid and widely traded commodity markets on offer, there are countless opportunities to capitalize on major market cycles and seasonal trading conditions...

23 Sep 2021

FBS Launches New Crypto Account with 100+ New Instruments
FBS Launches New Crypto Account with 100+ New Instruments

We are happy to present another feature that will expand trading opportunities for FBS clients. A new type of account has been launched: Crypto account...

23 Sep 2021

Trade CFDs on the hottest stocks in the market!
Trade CFDs on the hottest stocks in the market!

At FxPro, we are constantly developing and adding new products to meet our traders' needs and have expanded our product offering to include popular new US Share CFDs...

22 Sep 2021

Trading gold CFDs with LegacyFX
Trading gold CFDs with LegacyFX

Commodity trading on Contract for Difference (CFD) basis is a deal between a buyer and a seller to trade not in the actual commodity but on the difference in the price of the commodity...

22 Sep 2021

AMarkets market sentiment indicator
AMarkets market sentiment indicator

AMarkets has recently launched a powerful analytical tool called Trade Analyzer, and we are ready to share another great update with you. Now, all AMarkets clients...

22 Sep 2021

Trade Forex CFDs with your Multi-Asset Broker IronFX
Trade Forex CFDs with your Multi-Asset Broker IronFX

With over 1.200.000 million retail clients, the best trading conditions and a 24/5 multilingual support, IronFX is the preferred choice for those who want to trade Forex CFDs...

20 Sep 2021


Editors' Picks

OctaFX information and reviews
OctaFX
86%
HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
Vantage FX information and reviews
Vantage FX
78%
Moneta Markets information and reviews
Moneta Markets
77%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.