WHAT ARE METALS?
Metals are commodities that may be traded on the London Metal Exchange (LME), the New York Mercantile Exchange (NYMEX), and the Shanghai Gold Exchange. Commodities trading used to take time, money, and knowledge, but it has now been democratized with more options for involvement. Trading CFDs on heavy metals such as gold, silver, platinum, and palladium has become a popular kind of derivative trading, allowing investors to invest on the commodities market’s increasing and decreasing values.
Traders that invest in spot metals are effectively swapping a spot metal for a currency. Gold is the most popular commodity, and trading it through CFDs allows for huge leverage and controlled risk. Platinum, palladium, and silver are also significant due to their industrial uses and use in jewelry manufacture. Platinum is the most volatile precious metal, but palladium, a lesser-known metal, has greater industrial use.