Spot gold is a particularly attractive trading instrument given the popularity gold has as a component of a well balanced investment portfolio. Gold is also one of the most traded products on the platform. Its price is not directly driven by interest rates or economic news and quite often demand arises from market turmoil. This makes for a rather unique proposition for speculative traders or those wishing to hedge their portfolio.
| Symbol | Description | Bifident Raw spread | Bifident Std spread | Digits | Contract Size |
|---|---|---|---|---|---|
| XAUUSD | Spot Gold vs USD Dollar | 0.11 | 0.20 | 2 | 100 |
| XAGUSD | Spot Silver vs USD Dollar | 0.011 | 0.020 | 3 | 5000 |
The trading of precious metals is an ancient business practice that has been revolutionised by electronic trading and global futures exchanges. It is also a safe haven asset and its price can be dramatically affected by the performance of global stock markets and major world economies. For that reason trading in precious metals is here to stay and will always be used a financial hedging tool at least into the foreseeable future.
Trading precious metals is attractive to speculators due to the opportunity provided by large price fluctuations in short time frames. Traders need the right tools at their disposal to take advantage of this market as the action happens. The Bifident platform has the power to place market orders in milliseconds, online with ease. In addition live charting and analysis capabilities are provided as standard.