The spot price of precious metals, such as gold (XAU) or silver (XAG), is the current cash price of that commodity on the market. Spot metal trading is exchanging the spot price of gold or silver for a major currency. For example, XAGEUR (trades silver against the Euro) or XAUGBP (trades gold against the pound) (Gold against the British Pound).
Spot metal traders analyze Gold or Silver price changes using both long-term and short-term market prices and then execute a trade based on how they feel the price will go next. Based on the market's ongoing volatility, investors may opt to keep a long-term or short-term investment based on their trading strategy.Know More
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