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Product introduction
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Transaction instance
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Contract conditions
What are precious metals?
Precious metals including spot gold and spot silver with value preservation and hedging functions, its transactions throughout the world, day
With trading volume of more than $1 trillion, it is one of the hottest trading categories in the market, also known as the world's largest
Big stocks, but no institution or consortium has the financial clout to manipulate this huge market,
Its open, transparent trading form by the majority of investors love.
One of the most fascinating aspects of trading in precious metals, and one that is different from trading in currencies, is that prices are subject to little political interference
The impact of economic events.
Precious metals are often seen as a hedge against inflation, regardless of the current state of the financial markets
Genus opportunities can be abundant.
Hot products
- XAUUSD
- XAGUSD
Symbol：XAUUSD
Gold, unlike most commodities, is not driven by production or consumption -- so far most gold mines have remained viable, And re-enter the gold market. As a result, gold tends to be swayed by political events, becoming a tool in turbulent times.
Symbol：XAGUSD
As a kind of precious metal, silver has irreplaceable characteristics in large-scale industrial application and production of jewelry and silver products. Its price has fluctuated more than many other metals because of its widespread use in the electronics industry and as photographic materials.
Advantages of precious metals trading
Trading zero commission, low spread
No contract expiration time
T+0 two-way trading, up and down can be profitable
Low trading threshold, high leverage ratio
5*24h trading
Daily trading volume is huge, the market transparency is high
Factors affecting precious metals trading
Dollar impact
Precious metals are quoted in dollars, plus investors tend to pay in gold As an alternative to the dollar, they are therefore relatively negative Generally, gold prices fall as the dollar rises.
Safe-haven demand
War, geopolitical tensions, economic crises and other events can create safe-haven demand in the market, thus increasing the safe-haven buying of precious metals, supporting their price rise.
Supply and demand
If the supply of gold is higher than the demand, the price will fall. Similarly, if demand for gold production increases and supply falls short, the price will rise.
Why trade precious metals?
Precious metals are a two-way trade and can be long (buy up) or short (buy down).
Simply put, if you think precious metals are going to go up, buy them. If you think it will go down, sell. If the direction is correct, then earn the intermediate spread.
The calculation method is as follows:Total profit and loss = (ask price - bid price) x contract unit x number of trades ± overnight interest
Note: closing a position on the day of opening does not require overnight interest payment; Actual overnight warehouse interest based on actual transactions; Orders placed through the CM Trade platform do not charge commission.
As an example
You buy 3 lots of gold USD XAUUSD at 1801.22 through the CM Trade platform, each lot of 100 oz contract and close the position at 1804.22 on the same day.
Total profit
=(ask price - bid price) x contract unit x number of lots + overnight interest
=(1804.22 1801.22) * 100 * 3 + 0 = $900
| Name | Quotation in small digits | Benchmark currency | High-yielding currencies | Contract unit （Standard hand） |
Delivery time | Occupancy deposit （USD/Hand） |
|---|---|---|---|---|---|---|
| XAU/USD XAUUSD | 2 | USD | USD | 100 | NO | 1000 |
| XAG/USD XAGUSD | 3 | USD | USD | 5000 | NO | 1000 |
