Gold | Silver | Palladium | Platinum | Copper
As gold is a traditional safe haven for investors, there is strong demand for it from individuals, businesses, banks, hedge funds, and governments. Given its scarcity and this consistent global demand, physical gold and gold derivatives have been widely used for investment and trading.
The global gold price is sensitive to many factors. Geopolitical tensions, currency fluctuations, and macroeconomic uncertainty can all increase the volatility of gold prices. Because gold is the instrument most commonly held to protect against inflation and falls in the stock market, changing perceptions of economic or political stability are likely to influence its pricing.
Prospero offers 24-hour trading on cash and Forward gold CFD, giving traders the flexibility to go long and short, as well as leverage up to 400:1. Please note Forward gold CFD are subjected to a expiry date which is updated monthly on our Notification Page， all unclosed position of the expired product would be closed before Market close on the expiry date.
Like gold, silver has also been commonly used by investors to hedge against financial risk. Silver prices are more volatile than those of gold, driven by speculation as well as global supply and demand from large traders and investors, industry, and retail.
Prospero offers 24-hour trading on spot silver, giving traders the flexibility to go long and short, as well as leverage up to 400:1.
Palladium (XPD is one of the rarest precious metals in the world. The purity of palladium is extremely high, and its appearance is similar to platinum. In its natural state, it has a silver- white metallic luster and will never fade. Palladium is resistant to high temperature, corrosion, abrasion, and ductility. In terms of purity, rarity and durability, it can be substituted with platinum. It is an ideal material for making jewelry and setting gems. Palladium is one of the international precious metal spot and futures trading varieties along with platinum, gold and silver. The price of palladium was once higher than that of platinum in history.
The palladium CFD (XPD) provided by Prospero is a cash product not subjecting to an expiry date. Please note that this product will charge 3 times roll over at market close on Friday due to the weekend’s market closure.
Platinum (XPT) is a naturally occurring white precious metal.
Platinum is a precious metal trading commodity. Platinum coins, platinum bars and platinum ingots can be traded or collected. Because platinum is not easily corroded and has a shiny appearance, it is also used as jewelry.
The platinum CFD (XPT) provided by Prospero is a cash product not subjecting to an expiry date. Please note that this product will charge 3 times the overnight interest when the market is closed on Friday due to the weekend’s closing.
In an economy that continues to grow steadily, the price of platinum is often double the price of gold; during periods of instability, due to reduced industrial demand, the price of platinum generally falls below the level of gold. When the economy is stagnant, the price of gold is more stable because its demand is not driven by industrial use.
For more information please see our [Product Disclosure Statement].
*Prospero only provides general financial advice.
|Instrument||Spread from (Pips)||Underlying asset||Units||Maximum leverage||Minimum trade size|
|XAUUSD (Spot gold)||15||London spot gold||Ounce||400:01:00||0.01|
|XAUXX (Future Gold)||15||London Futures gold||Ounce||50:01:00||0.01|
|XAGUSD (Spot Silver)||1.5||Spot Silver||Ounce||100:01:00||0.01|
* Spreads are indicative only.
[Click here] for trading hours and more details on all our commodity instruments.
“Spread from” is the lowest spread that can be offered on the given product. If the underlying market spread widens during the trading day, or if you are trading out of hours, the platform spread may also widen. Spreads shown are for the first price available for the average market trade sizes in the relevant product. The spread may widen for larger trading sizes. Please refer to the MT4 platform for more information.
This data is provided for general information only and may not be current. Please refer to the product properties section of the MT4 platform for real-time information on the spreads, margin requirements, commission (if applicable), and trading hours of a particular product.
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Precious Metals Holding Cost (Swap)
At the end of each trading day (5pm New York time), your open CFD trading positions may be subject to a charge known as holding, swap, or rollover cost.At the end of each trading day (5pm New York time), your open CFD trading positions may be subject to a charge known as holding, swap, or rollover cost.
Holding rates for precious metal CFDs are set by liquidity providers using interbank rates plus a fixed markup.
As in the FX market, a three-day holding cost will be charged on Wednesday. National holidays may incur added holding costs to be charged before the holiday.