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Trading Precious Metals with IronFX


14 October 2021

Precious metals have always been used as a means of exchange between traders and as a store of wealth. The most popular metal is gold. Precious metals certainly have their place in an intelligent investor’s portfolio, but which precious metal is best to invest in and why are they so volatile? Gold is considered a safe-haven asset. It is commonly used to hedge against volatility in the U.S. dollar, and is one of the most widely traded commodities in the world today.

Silver is another commonly traded metal and is used as a form of hedging against volatility in the currency markets. The biggest international locations for trading precious metals are London, New York and Shanghai

The London market for precious metals is a wholesale over-the-counter market for the trading of gold and silver. In several other locations around the world, exchanges have developed to provide metal trading facilities. The Shanghai Gold Exchange is one of the most active of these, providing a centralised spot market for gold and silver bars.

There are many ways to invest and trade in gold and other precious metals. You can invest in precious metals in different ways. Read on to discover the different options that are available.

What affects the price of precious metals?

As with any stock, currency or commodity, the price of precious metals is affected by external factors.

Are precious metals a good investment?

Precious metals are regarded by many investors as a good investment, especially gold, which is known for its safe-haven status. Investors will often move their money into gold during market uncertainty and because of their applications in jewellery, electrical components, car parts and industry, precious metals are usually in high demand.

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