Metals Spot Contract Specifications
|#||Symbol||Full name||Contract size||Tick size||Margin, %||Swap Long
|Trading time *
|1||XAGAUD||Silver vs Australian Dollar / Spot||5000||0.001||1||-3||-2||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|2||XAGCHF||Silver vs Swiss Franc / Spot||5000||0.001||1||-1||-1||23:05||00:00 - 21:55||23:05 - 23:59||21:55||1:100|
|3||XAGEUR||Silver vs Euro / Spot||5000||0.001||1||-1||-2||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|4||XAGGBP||Silver vs Great Britain Pound / Spot||5000||0.001||1||-1||-1||23:05||00:00 - 21:55||23:05 - 23:59||21:55||1:100|
|5||XAGUSD||Silver vs US Dollar / Spot||5000||0.001||1||-2||-1||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|6||XAUAUD||Gold vs Australian Dollar / Spot||100||0.01||1||-14||-11||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|7||XAUCHF||Gold vs Swiss Franc / Spot||100||0.01||1||-1||-7||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|8||XAUEUR||Gold vs Euro / Spot||100||0.01||1||-2||-6||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|9||XAUGBP||Gold vs Great Britain Pound / Spot||100||0.01||1||-3||-1||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|10||XAUUSD||Gold vs US Dollar / Spot||100||0.01||1||-6||-4||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|11||XPDUSD||Palladium vs US Dollar / Spot||100||0.01||5||-97||40||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|12||XPTUSD||Platinum vs US Dollar / Spot||100||0.01||5||-9||-9||23:00||00:00 - 21:59||23:00 - 23:59||21:59||1:100|
|13||CUCUSD||Copper vs US Dollar / Spot||25000||0.00001||4||-39||-12||23:00||00:00 - 22:00||23:00 - 23:59||22:00||1:100|
* - All systems have a restart time without execution and prices up to 5 minutes everyday at 22:00 GMT+0, but on Sundays the restart time is at 20:00 GMT+0
** - MT5 servers have a scheduled maintenance without execution and prices during 0-1 minutes everyday at 00:00 GMT+0
*** - If you use fix-connection or bridge-connection to own MT-server so, the session time will depend on your Trading server time settings.
Calculating Metals Margin Requirements – Example
Account base currency: USD
Position: Open 10 lots BUY XAUUSD at 1,316.99
1 Lot size: 100 Ounces
Margin requirement: 0.5% of Notional value
10 * 100 * 1,316.99 = 1,316,990 USD
1,316,990 USD * 0.005 = 6,584.95 USD
Trading Gold and Precious Metals
Highly valued since ancient times, precious metals, and gold in particular, have always been associated with monetary wealth. On the financial markets, precious metals investments tend to hold their value over long periods of time. Thus they provide a long-term safe haven for commodity traders.
Investing in precious metals can help traders hedge against market volatility, political uncertainty, and economic collapse. It can also be an important part of a diversified long-term investment portfolio.
Supply and Demand
With the increase of demand, metal prices rise whereas when the demand is weak the value of precious metals declines.
Value of the U.S. Dollar
As the precious metals are dollar-denominated their price is generally inversely related to the value of the US dollar.
Inflation has a direct effect on the price of precious metals. Generally, rising levels of inflation tend to raise the price of precious metals.
Technology and industrial uses for gold, such as the demand for jewelry and electronics, can make the price of precious metals rise.