Spot Metals

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Spot Metals

Precious metals such as gold and silver have been traded for hundreds of years. Gold and silver are heavily traded these days and are often used as a long term portfolio diversification. Forex Trade Nest offers Spot Gold and Spot Silver in both USD and EUR, which are traded similarly to Forex trading currency pairs by placing long or short positions.

Spot Metals Contract Specification

Trading Session :

Starting Sunday 23:00 GMT, ending on Friday 21:45 GMT

Trading NOT available on daily basis from 22:00 to 23:00 GMT

Specifications Gold Silver Platinum Palladium
1 Standard Lot 100 Ounces 1,000 Ounces 100 Ounces 100 Ounces
Leverage (Maximum) ESMA Leverage ESMA Leverage ESMA Leverage ESMA Leverage
Point Value per Standard Lot US$ 1 US$ 10 US$ 1 US$ 1
Spread (Variable) 15 to 50 Cents 3 to 10 Cents US$ 2.00 US$ 1.80
Minimum Lot Size 0.01 Lots
(1 Ounce)
0.05 Lots
(50 Ounces)
0.01 Lots
(1 Ounce)
0.01 Lots
(1 Ounce)

Spot Metals Rollover Rates/Swaps

Rollover rate is defined as the interest added or deducted for holding a spot metal pair position open overnight. These rates are calculated as the difference between the overnight interest rate for two currencies that a Forex trader is holding, whether they are long (buy) or short (sell) positions.

Spot Metal Pair Long Positions Short Positions
XAUUSD Gold vs US Dollar -24.81 -17.64
XAGUSD Silver vs US Dollar -5.67 -4.69
XPTUSD Platinum vs US Dollar -24.66 -19.12
XPDUSD Palladium vs US Dollar -23.8 -31.47
XAUEUR Gold vs Euro -20.22 -21.62
XAGEUR Silver vs Euro -5.12 -5.12
Notes: The above rollover/ swap rates may change frequently based on market conditions and rates provided by our Liquidity Providers. Triple swaps are applicable every Wednesday. Please review this page often if considering holding several currency pair positions overnight. Holding positions overnight can cause debits or credits in interest to be posted to your account during the rollover period. The interest is automatically added.