Trading Precious Metals
Precious metals such as gold and silver have always been used as a means of exchange between traders and as a store of wealth, with gold being the most common. Learn more about the different types of precious metals , the advantages of trading metals, what affects their value and more. Gold is considered a safe-haven asset The value of gold is determined by the market 24 hours a day, seven days a week. When banks and money are considered as unstable, gold is considered a safe-haven asset and is commonly used to hedge against volatility in the US dollar. The price fluctuations of silver are more volatile than gold Silver is another popular metal and is used to hedge against volatility in the currency markets. In contrast to gold, the price of silver moves between its perceived role as a store of value and its role as an industrial metal. Due to this, price fluctuations in the silver market are more volatile than gold. Platinum is the most volatile of the precious metals Plati