In the Forex market, precious metals are treated as currencies, and are traded around the clock in pairs with other currencies. Their low or negative correlation to other asset classes provides an effective means of diversifying portfolios and hedging risks.
Gold, the mother of all currencies, still plays a prominent role in today’s markets.
Used primarily as a store of value, its price varies based on sentiment more than the laws of supply and demand. It is mainly influenced by factors such as financial stability, inflation and geopolitical events.
Like gold, silver is a reserve currency. However it is also a highly sought-after commodity for a variety of technological applications.

While it trades generally in line with gold, it is subjected to higher volatility due to the influence of industrial supply and demand.
Platinum and palladium are mainly used to produce jewelry, computer components and catalysts to refine petroleum and chemicals.

The greatest demand comes from the automotive industry, which relies heavily on the metals. They are rarer than gold and most of the world production is concentrated in South Africa and Russia. They are the most volatile of precious metals.


To see our trading conditions on all asset classes
Sagasta provides competitive trading conditions adapted to your initial deposit. There are no commissions on trades, nor any other hidden costs.
If you plan to trade Forward CFDs, you can consult our expiration dates.
For your overnight positions, you can check our latest swap rates.
A complete summary of all Sagastaquote Forex and CFD products with their corresponding trading conditions.
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