FXTM information and reviews
FXTM
93%
OctaFX information and reviews
OctaFX
91%
FXCC information and reviews
FXCC
90%
Libertex information and reviews
Libertex
89%
FxPro information and reviews
FxPro
88%
HotForex information and reviews
HotForex
87%

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

Share:


Related

CommerceWealth a solid option for all investors
CommerceWealth a solid option for all investors

At CommerceWealth we take hard efforts to enrich your trading experience. As a world-wide, 5 star graded company, our client’s satisfaction is in the core of our focus...

12 Jan 2022

Tools Every Trader Needs: FBS Trader app & MetaTrader
Tools Every Trader Needs: FBS Trader app & MetaTrader

MetaTrader & FBS Trader app are two essential tools that every trader should use. Don’t rely only on one, use the power of both as they suit different trader needs. In short...

10 Jan 2022

XM features in global conference on how to trade in an uncertain world
XM features in global conference on how to trade in an uncertain world

One of the key aspects to being a successful trader is understanding how geopolitical events affect the global market. Over the years, XM has been dedicated...

7 Jan 2022

Trade For More, with multiple fees slashed to zero on all crypto CFDs
Trade For More, with multiple fees slashed to zero on all crypto CFDs

Libertex is thrilled to announce our latest feature and one of the most unique on the market: zero-commission crypto CFD trading! Plus, we've eliminated swap and...

7 Jan 2022

OctaFX Copytrading introduces new copying settings
OctaFX Copytrading introduces new copying settings

Just recently we have redesigned our copy trading service to improve the convenience and transparency of the subscription process for our traders. You can now copy Master Traders...

6 Jan 2022

Get dividends from Mastercard
Get dividends from Mastercard

The results of investing in companies' stocks depend on many factors, but there are specific payouts you can receive! To do that, just find the stock Mastercard in Libertex...

4 Jan 2022


Editors' Picks

XM information and reviews
XM
86%
FXCM information and reviews
FXCM
85%
AvaTrade information and reviews
AvaTrade
84%
LegacyFX information and reviews
LegacyFX
83%
FP Markets information and reviews
FP Markets
82%
FreshForex information and reviews
FreshForex
81%

© 2006-2022 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.