Metals
Gold, silver and the white metals
Precious-metal CFDs follow gold, silver, platinum and palladium. Gold is the macro metal: it responds to real yields and the dollar. Silver adds an industrial bid on top of that. You trade the ounce price in dollars, with no bar delivered to you.
01 — Metals
Gold and real yields
When inflation-adjusted bond yields rise, gold often struggles. When they fall, gold often firms. The dollar moves the same price from the other side.
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02 — Metals
Silver is livelier
Silver is a smaller market. The same story that moves gold one percent can move silver several.
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03 — Metals
Platinum and palladium
These are industrial as well as precious. Auto demand and supply concentration matter more than the inflation narrative.
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04 — Metals
A quiet market, then a jump
Metals can sit in a range for days and then reprice on a single rates decision.
Open accountMetal prices
Spot dollars per ounce, and the related futures.
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- Gold, per ounce
- XAU
- Silver, wider range
- XAG
- Quoted in dollars
- USD
- Rolling price
- Spot
Gold and real yields
When inflation-adjusted bond yields rise, gold often struggles. When they fall, gold often firms. The dollar moves the same price from the other side.
Silver is livelier
Silver is a smaller market. The same story that moves gold one percent can move silver several.
Platinum and palladium
These are industrial as well as precious. Auto demand and supply concentration matter more than the inflation narrative.
A quiet market, then a jump
Metals can sit in a range for days and then reprice on a single rates decision.
How the quote works
Spot metals are quoted in US dollars per troy ounce. The CFD tracks that quote.
- XAUUSD is gold. XAGUSD is silver.
- The spread is tightest in gold during London and New York hours.
- Holding overnight incurs financing, shown on the position.
- There is no vault receipt and no coin to withdraw.
Risk people underestimate
Gold's reputation as a refuge does not make the CFD safe. Leverage still applies.
- A strong dollar can fall gold even on a nervous day.
- Silver's range punishes oversized positions.
- Stops left over a weekend can fill away from the price you chose.
- Platinum and palladium can gap on supply news from a single region.
01
Choose the metal
Gold for the macro view. Silver if you accept a wider range. The white metals if the story is industrial.
02
Read the ounce
A ten-dollar move in gold is not the same cash result as a ten-cent move in silver. Use the ticket.
03
Hold deliberately
If you keep the position through the roll, expect a financing entry on the wallet.
FAQ
Can I take delivery of gold?
No. The metal CFD settles the price difference in USD.
Why does gold fall when markets are scared?
Sometimes investors raise dollars instead. A rising dollar and rising real yields can pull gold down on a fearful day.
Is silver just a cheaper gold?
It shares the monetary story and adds industrial demand. The result is a related price with a larger daily range.