Forex Metals Market


Tech Analysis 18.09.2018: EUR/USD, GBP/USD, USD/CHF, USD/JPY...
Tech Analysis 18.09.2018: EUR/USD, GBP/USD, USD/CHF, USD/JPY...

EURUSD The EURUSD is consolidating and may bounce off 1.1700 today to go further down, to reach 1.1660 first, and then, after breaking it out, the first target at 1.1604.GBPUSDThe GB...

Gold edges up, Dollar softens while Pound holds above $1.30
Gold edges up, Dollar softens while Pound holds above $1.30

It has been a fairly cautious start to a busy trading week with movements observed across currency and stock markets somewhat muted as investors remained on the side-line.Reports tha...

Forex Technical Analysis&Forecast 17.09.2018 EURUSD, GBPUSD
Forex Technical Analysis&Forecast 17.09.2018 EURUSD, GBPUSD

EURUSD The EUR reached $1.1620 against the USD, which was the downward wave local target. This may lead to a correction towards $1.1660, and then a fall till $1,1600, which is going ...

Stocks rise on trade optimism, Dollar limps into weekend
Stocks rise on trade optimism, Dollar limps into weekend

Global equity markets look set to conclude the week on a positive note as renewed hopes for fresh US-China trade negotiations support risk appetite.Market sentiment was also boosted ...

Forex Technical Analysis&Forecast 14.09.2018 EURUSD, GBPUSD
Forex Technical Analysis&Forecast 14.09.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”EURUSD has completed another ascending structure. Possibly, today the pair may be corrected to reach 1.1625 and then form a new ascending struc...

Forex Technical Analysis&Forecast 13.09.2018 (URUSD, GBPUSD
Forex Technical Analysis&Forecast 13.09.2018 (URUSD, GBPUSD

EURUSD, “Euro vs US Dollar”EURUSD has completed another consolidation range below 1.1611 and broken it upwards. Possibly, today the pair may test 1.1611 from above and th...

Forex Technical Analysis&Forecast 12.09.2018 (EURUSD, GBPUSD
Forex Technical Analysis&Forecast 12.09.2018 (EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”EURUSD has completed another descending impulse along with the correction. Possibly, today the pair may fall with the short-term target at 1.15...

Forex Technical Analysis&Forecast 11.09.2018 EURUSD, GBPUSD
Forex Technical Analysis&Forecast 11.09.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”EURUSD is still consolidating. Possibly, today the pair may fall to reach 1.1572 and then form a new ascending structure towards 1.1617. After ...

Forex Technical Analysis&Forecast 10.09.2018 EURUSD, GBPUSD
Forex Technical Analysis&Forecast 10.09.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”EURUSD has finished another consolidation range inside the descending wave and broken its downside border. Possibly, today the pair may fall to...

Financial markets quiver on EM contagion concerns
Financial markets quiver on EM contagion concerns

A sense of doom and gloom lingered across financial markets today as contagion fears from the brutal emerging market sell-off rattled investor confidence.The unceasing turmoil across...


Precious metals are one of the best investment options

Forex market is first of all the market of leading world currencies. However, besides the currencies there are precious metals also traded, such as gold, silver and palladium. This possibility considerably increases your chances of earning. Two of the most important Forex metal trading markets are London and New York. Other important centers of Forex metals trade located in Zurich, Tokyo, Sydney, Hong Kong and other places. So, the precious metals trade, as well as the currency trading, goes on round-the-clock.

Precious Metals as the Active Currency in Trading Operations

Since 1919 the price of so-called "London fixing" is the main guideline for Forex metal traders around the world and is used in all contracts concluded on physical delivery of the precious metals. As a matter of fact, exactly in London the price of gold ands silver is determined. 

Currently the price of Forex precious metals (“London fixing”) is formed daily at 10.30 AM and 15.00 PM, and the price is determined in U.S. dollars per troy ounce. These rates are official, that is used by all participants on the market of precious metals - mining companies, consumers, central banks, etc. And in the time space between the announcement of "London fixing", prices of the Forex metals move freely, determined by supply and demand. 

Technically the transactions with gold (symbol XAU) or silver (symbol XAG) are exactly the same as the deals with any currency pair, with the only difference being that as one of the active currency in these transactions acts the precious metal itself.

There are no any specific trading strategies when Forex metal trading. Any trading strategy applies for transactions with the precious metals, since all the components of trading tactics: technical indicators, linear instruments of technical analysis, moving averages - react to changes of the price itself, regardless of the type of the trading instrument.

The Historical Development of Precious Metals Quotes

According to the company MaxiForex, historic lows have been noted:

  • The price of gold in 1999 ($251 per troy ounce)
  • The price of silver in 1991 (3.5 dollars per ounce)

Since 2003, quotes for the Forex precious metals steadily have been increasing, reaching last year's highs: gold price in the world markets broke the mark of U.S. $1,000 ($1,032 per ounce). The prices for other Forex metals in recent years are also close to maximum. Particularly for the first time in 30 years the silver price came close to $21 per ounce. Platinum and palladium also rose up to $2273 and $582 respectively.

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