Beware, large spreads on Gold and Silver
The recent turmoil has strongly affected the Bullion markets.
After the large price movements, liquidity in XAU/USD and XAG/USD has evaporated and this is causing wide spreads. Our provider price quotations strongly vary or may temporarily cease completely to be available. This can cause rejections and lead to slippage. We encourage our clients to use price control mechanisms of our software including place BID and place OFFER orders. This situation may endure or further deteriorate and we advise to trade with reduced exposures.