Уважаемый пользователь, на данный момент Finmax не предоставляет услуги на территории Российской Федерации.
Если вы считаете, что видите это сообщение по ошибке, обратитесь в службу поддержки.
In trading on commodities, Forex Quotes for Precious Metals are crucial.
Gold, and after it silver, as a rule, is getting more expensive in case of uncertainty on financial markets, or any collisions associated with the geopolitical situation, changes in the monetary policy of leading countries, as well as global macroeconomic shocks. Therefore, every self-respecting Forex trader should at least keep track of Quotes of Precious Metals in order to determine the general market sentiment.
Precious metals include Gold, Silver, Platinum, and Palladium. The most common quotations of precious metals are:
As a rule, several price parameters presented in the quotation table, which makes it possible at a glance to determine the dynamics of the development of trading conditions on the market on a given day.
Below is a list of the most significant of them:
The last parameter is the most important indicator for determining the trend and clarifying market conditions on a given day. The percentage change in price indicates the level of market volatility. Traders talk about relatively calm trading conditions if the change in the quotation of gold in US dollars does not exceed the range of 0.2 - 0.5%. In the case of a change in the value of gold by 0.5 - 1.0%, we should talk about average volatility, while a shift of 1.0 - 2.0% indicates significant market unrest.
Quotes of Precious Metals allow Forex traders to not only quickly find out the cost of commodities, but also to determine current market conditions and volatility. Changes in precious metals quotes may also indicate an appetite for risk on the part of international investors.