The most frequently traded precious metals are gold, platinum, palladium and silver, which are highly traded because of their retained intrinsic value, regardless of economic conditions. In recent decades, the preference for precious metals as long-term investment commodities to be bought online, or even physical ownership, has increased dramatically. Trading precious metals also offers opportunities for those interested in short-term investments, as derivatives and exchange-traded contracts are capital-intensive and easy ways to make money through price changes.
Unlike most commodities, which depend on levels of production and consumption, gold does not trade that way: it follows the pulse of political change, making it sometimes a safe haven. With gold, platinum, palladium and silver also becoming valuable assets, investors see them as a store of value in times of market instability.
Product name | gold |
Product code | XAU.USD |
Minimum fluctuation point | $0.01 |
Buying and selling point of difference | $0.01 |
Product specification | 100 ounces per hand |
A single minimum unit of transaction | 0.1hand |
The largest unit of a single transaction | 100hand |
Transaction fee | $32/hand |
margin | $500 |
Minimum stop-loss spread | $0.05 |
Overnight positions interest | $0 |
Risk rate (mandatory warehouse line) | 30% |
Trading hours | Monday 07:00 - Saturday 04:00 (Beijing time) |
Deposit time | 09:00——22:00 (Beijing time) |
Withdrawals time | T+1 to the account (the specific time is slightly different due to different banks) |