Trading Precious Metals
The main traded precious metals are gold, platinum, palladium, and silver, and the high trading volume on these commodities is attributed to their retained intrinsic value, regardless of economic conditions. The preference for online purchase, and even physical ownership, of precious metals as a long-term investment has tremendously increased in recent decades. Trading precious metals also present opportunities for those interested in short-term investment since derivatives and exchange-traded contracts are a less capital-intensive and simpler way to take a position on their price movements.
Along with gold, platinum, palladium, and silver are also valuable assets and traded by investors who regard them as stores of value in times of monetary uncertainty.
Metals market can be affected by a lot of factors that cause fluctuation including:
- Global financial institutions
- The end-user trends
- The impact of the economy
- The level of wealth
- The coorelated changes in demand for some other financial assets apart from precious metals.
