Metals Trading
Explore the Opportunities in Metals Trading
Metals trading, often referred to as the Precious Metals Market, is a vast global arena where various metals are bought and sold. It exerts significant influence over the pricing and trading dynamics of metals on a global scale. Within this dynamic marketplace, traders engage in a myriad of activities, including trading contracts for difference (CFDs) on metals like gold, silver, and platinum. The overarching goal is to capitalize on lucrative trading opportunities presented by fluctuations in metal prices. This intricate ecosystem provides traders with a platform to immerse themselves in the nuances of metals trading, where informed decision-making and market insight can pave the way for success.
At Goldmill Markets, we offer access to a comprehensive range of metals trading opportunities, empowering traders to navigate this complex market with confidence.
Why Trade Spot Metals?
Spot metals trading offers a diverse range of opportunities for investors, allowing them to participate in the commodities market through metal exchanges such as the London Metal Exchange (LME), the New York Mercantile Exchange (NYMEX), and the Shanghai Gold Exchange. Traditionally, commodities trading demanded substantial time, capital, and expertise. However, with advancements in trading technology, participation has become more accessible and diversified. One popular avenue for investors is trading contracts for difference (CFDs) on hard metals like gold, silver, platinum, and palladium. This form of derivative trading enables investors to speculate on the fluctuations in
metal prices, offering potential for profit in both rising and falling markets.
Investing in spot metals involves exchanging a spot metal for a currency, with gold emerging as the preferred commodity due to its high liquidity. Trading gold through CFDs provides investors with opportunities for significant leverage and managed risk. Additionally, platinum, palladium, and silver hold significance not only for their industrial applications but also for their use in jewelry manufacturing. While platinum is recognized as the most volatile among precious metals, palladium’s extensive industrial uses make it a noteworthy commodity in the market.
Trading Conditions And Specifications
| Instrument | Full Name | Value of contract size | Margin required | Minimum Order Size in Units | Max Leverage | Sunday Open Time GMT+0 | Trading Hours GMT+0 | Friday Close Time GMT+0 |
| ALUMINIUM | Aluminium | Instrument level * USD 50 | 1% | 0.01 | 1:100 | – | 06:30-17:30 | 17:30 |
| COPPER | Copper | Instrument level * USD 30 | 1% | 0.01 | 1:100 | – | 06:30-17:30 | 17:30 |
| XAGUSD | Silver troy ounce | Instrument level * USD 5000 | 1% | 0.01 | 1:100 | 22:01 | 00:00-21:00 22:01-24:00 | 20:55 |
| XAUUSD | Gold troy ounce | Instrument level * USD 100 | 1% | 0.01 | 1:100 | 22:01 | 00:00-21:00 22:01-24:00 | 20:55 |
| XPTUSD | Platinum troy ounce | Instrument level * USD 100 | 1% | 0.01 | 1:100 | 22:01 | 00:00-21:00 22:01-24:00 | 20:55 |
| XPDUSD | Palladium troy ounce | Instrument level * USD 100 | 1% | 0.01 | 1:100 | 22:01 | 00:00-21:00 22:01-24:00 | 20:55 |
| ZINC | Zinc | Instrument level * USD 50 | 1% | 0.01 | 1:100 | – | 06:30-17:30 | 17:30 |
Important note: The above spreads are applicable under normal trading conditions during day trading sessions. However, there may be instances when market conditions cause spreads to widen beyond the typical average spreads displayed above.
*All spreads are indicative, to view real time values clients should refer to their client terminal.
