Why central banks keep buying gold
Record reserve accumulation by emerging-market central banks has reshaped the structural demand picture for bullion.
Read morePrecious Metals
Trade Gold, Silver and Platinum on Global Markets
Access precious metals markets with professional execution and transparent pricing.
Indicative spot prices — not tradeable quotes
Instruments
Three metals. Three distinct markets.
Each precious metal trades on its own fundamentals — monetary, industrial, or both.
Gold
XAU/USDThe world's most widely traded precious metal. Gold serves as a store of value, a safe-haven asset during periods of uncertainty, and a hedge against inflation.
- Inversely correlated with the US dollar
- Sensitive to real interest rates
- Held as a central bank reserve asset
- 24-hour near-continuous trading
Silver
XAG/USDSilver combines monetary and industrial demand, making it more volatile than gold. It is used extensively in electronics, solar panels and medical applications.
- Dual monetary and industrial demand
- Higher volatility than gold
- Tends to follow gold with amplification
- Key indicator: the Gold/Silver ratio
Platinum
XPT/USDPlatinum is rarer than gold with significant industrial applications, particularly in automotive catalytic converters and the emerging hydrogen economy.
- Concentrated supply, led by South Africa
- Automotive and industrial demand
- Exposure to the green energy transition
Availability subject to platform — confirm before publishing.
Gold (XAU/USD) Advanced Chart
Indicative DataMarket Drivers
What moves the metals markets
Inflation & real rates
Gold tends to rise when real yields fall. CPI prints and inflation expectations move prices sharply.
US dollar strength
Metals are inversely correlated with the DXY. Federal Reserve policy is a primary driver of the trend.
Geopolitical risk
Conflict, sanctions and political uncertainty drive safe-haven demand into gold and, to a lesser extent, silver.
Central bank buying
Emerging-market central banks have accumulated record gold reserves, providing structural underlying demand.
Industrial demand
Silver and platinum are tied to electronics, EV production and solar manufacturing cycles.
ETF flows
Large institutional ETF inflows and outflows are a closely watched signal of positioning.
Energy costs
Mining cost floors shift with energy prices, supporting or pressuring marginal producers.
Supply concentration
South Africa and Russia dominate platinum-group metal supply, exposing the market to localised disruption.
Trading Sessions
When metals trade — and when they move
Spot gold and silver run near-continuously through the week. Liquidity concentrates around two key opens.
Gold / Silver
Platinum
Hours to be confirmed based on platform
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London Open (08:00 GMT) New York Open (13:00 GMT)
Spot gold and silver trade near-continuously Monday to Friday. Liquidity peaks at the London and New York opens. Times shown in GMT.
Trading Conditions
Built for execution quality
Spreads
From 0.15 pips
Variable, market-driven. See Trading Conditions for current pricing.
Leverage
Up to 1:200
Tiered and subject to eligibility and risk profile.
Contract Specs
Standardised
Lot sizes, tick values and margin requirements vary by metal.
Market Sentiment
Technical Sentiment — Precious Metals
Aggregated reading from oscillators and moving averages across multiple timeframes.
Daily technicals
No reading
Gold reading from summary, moving-average and oscillator signals.
Price
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Change
—%
SummaryNo reading · —
SellNeutralBuy
Moving AveragesNo reading · —
SellNeutralBuy
OscillatorsNo reading · —
SellNeutralBuy
Updating live sentiment
TradingView scanner dataInformational only — not a trading recommendation
FAQ
Metals, answered plainly.
Insights
Related reading
Reading the gold/silver ratio
A practical guide to using the ratio as a relative-value signal without overfitting to historical means.
Read morePlatinum and the hydrogen economy
How long-term industrial demand shifts could reprice the platinum-group metals over the next decade.
Read moreRisk NoticeTrading Forex and CFDs involves significant risk and may not be suitable for all clients. Leverage can amplify losses. Please ensure you understand the risks before trading.
Ready to trade precious metals?
Speak with our team about pricing, accounts and instrument availability.