Forex Metals Market


Markets cautious on US - China trade talks
Markets cautious on US - China trade talks

Investors have entered today’s trading session adopting a cautious stance thanks to conflicting reports over the progress of high-level trade talks between the US and China.Sen...

Forex Technical Analysis & Forecast 18.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 18.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD is consolidating around 1.1818. If later the instrument breaks this range to the upside, the market may grow to reach 1.1876 and then fa...

Unstoppable USD hammers Gold & Yen; China trade talks in focus
Unstoppable USD hammers Gold & Yen; China trade talks in focus

The ongoing relentless rally in the US Dollar has yet to show any convincing signs that it is running out of steam.  The Greenback maintained its level close to its 2018 high du...

US - China trade talks in focus, Gold hammered
US - China trade talks in focus, Gold hammered

Asian stocks closed mostly mixed, while European shares have struggled for direction ahead of today’s high-level trade talks between the US and China.Global sentiment could rec...

Forex Technical Analysis & Forecast 17.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 17.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD is consolidating near the lows. Possibly, today the price may reach 1.1875, fall towards 1.1755, and then grow to return to 1.1875. If l...

Murrey Math Lines 17.05.2018 (USDCHF, GOLD)
Murrey Math Lines 17.05.2018 (USDCHF, GOLD)

17.05.2018USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is expected to test the support at the 5/8 level.As we can see in the H1 chart, the pric...

Forex Technical Analysis & Forecast 16.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 16.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD is moving downwards. Possibly, today the price may reach 1.1812 and then grow towards 1.1875. Later, market may continue its decline wit...

Forex Technical Analysis & Forecast 15.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 15.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has broken the ascending channel structure. Possibly, today the price may form a new descending wave to reach 1.1893 at least and then g...

FxPro Forex Analysis: Chinese Retail Sales Data Registers Lowest Reading in Over a Decade
FxPro Forex Analysis: Chinese Retail Sales Data Registers Lowest Reading in Over a Decade

China was one of the top stories overnight, as Moody’s released their analysis on the China/US trade war. They believe that China is unable to meet the US request to reduce its...

Forex Technical Analysis & Forecast 14.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 14.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has completed the five-wave ascending structure. Possibly, today the price may form a narrow consolidation range at the top of this stru...

FxPro Forex Analysis: Iran Deal Back in the Headlines as Potential Fallout Comes to Light
FxPro Forex Analysis: Iran Deal Back in the Headlines as Potential Fallout Comes to Light

Following on from the US withdrawal from the Iran Deal, UK PM May reaffirmed her commitment to ensuring the deal is upheld. She spoke via phone with the Iranian President yesterday, ...

FxPro Forex Analysis: Gold and Silver Analysis – May 11, 2018
FxPro Forex Analysis: Gold and Silver Analysis – May 11, 2018

Precious metals are seeing a rally after disappointing Consumer Price Index (CPI) data from the U.S. CPI rose by 0.2% in April versus an expectation of 0.3%, with an annual rate of 2...

Stock markets green, Dollar slips while Gold shines
Stock markets green, Dollar slips while Gold shines

Global equity markets have attempted to trade cautiously higher at the end of the week, as a combination of soft US inflation figures, stronger commodity prices and slightly easing g...

Forex Technical Analysis & Forecast 11.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 11.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has broken the top of the first ascending impulse and may continue growing towards the first target of the correction at 1.1964. After t...

Murrey Math Lines 10.05.2018 (USDCHF, GOLD)
Murrey Math Lines 10.05.2018 (USDCHF, GOLD)

10.05.2018USDCHF, “US Dollar vs Swiss Franc”As we can see in the H4 chart, USDCHF is expected to continue growing towards the resistance at the 8/8 level.In the H1 chart,...

Forex Technical Analysis & Forecast 09.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 09.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has reached the target of the descending wave. Possibly, today the price may form another consolidation range near the lows. If later th...

Markets brace for Trump’s Iran decision, Gold dips
Markets brace for Trump’s Iran decision, Gold dips

It could be said that there is a cautious vibe across the financial markets on Tuesday, as investors brace for President Donald Trump’s announcement on the Iran nuclear deal la...

Forex Technical Analysis & Forecast 08.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 08.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD continues moving downwards. Possibly, today the price may reach 1.1890 and then grow towards 1.1950, thus forming another consolidation ...

FxPro Forex Analysis: EURUSD and Gold Analysis – May 4, 2018
FxPro Forex Analysis: EURUSD and Gold Analysis – May 4, 2018

Trading today will be dominated by the release of the U.S. employment report, which is expected to show that job creation accelerated while wage inflation held steady for the year. N...

US-China trade talks in focus, Dollar waits for NFP
US-China trade talks in focus, Dollar waits for NFP

Asian stock markets fell while the Japanese Yen held steady, as investors closely monitored tense trade talks between the United States and China, in Beijing.The chances of a breakth...


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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