Precious metals such as gold and silver have been traded for hundreds of years. Gold and silver are heavily traded these days and are often used as a long term portfolio diversification. GMT4X offers Spot Gold and Spot Silver in both USD and EUR, which are traded similarly to Forex trading currency pairs by placing long or short positions.
Spot Metals Contract Specification
Trading Session :
Starting Sunday 23:00 GMT, ending on Friday 22:00 GMT
Trading NOT available on daily basis from 22:00 to 23:00 GMT
Trade Margin Calculation :
Position Contract Size / Leverage * Currency Pair Live Exchange Rate
Spot Metals Rollover Rates/Swaps
Rollover rate is defined as the interest added or deducted for holding a spot metal pair position open overnight. These rates are calculated as the difference between the overnight interest rate for two currencies that a Forex trader is holding, whether they are long (buy) or short (sell) positions.