Metals
The metal market is a global platform where various metal commodities, including precious and industrial metals, are traded.
What is the Metals Market?
The metal market, also known as the commodities market for metals, is a global marketplace where a wide variety of metal commodities are traded. This market encompasses both physical and derivative trading, allowing participants to trade metals for various purposes. It includes two main categories of metals: Precious metals and Industrial metals. Precious metals, such as Gold, Silver, Platinum, and Palladium, are often used for investment and jewelry. Industrial metals, including Copper, Aluminum, Zinc, and Nickel, are vital in manufacturing and construction.
Metals trading takes place within physical markets, involving the actual delivery of metal, and derivative markets, where contracts representing the metals are traded. This market caters to a broad spectrum of participants, including producers, consumers, speculators, and investors. Producers utilize metals trading to fix prices for their output and manage price risks, while consumers utilize these markets to secure future supplies at predetermined prices, ensuring cost stability. Simultaneously, speculators and investors engage in metals trading to capitalize on price fluctuations and preserve value.
Several factors influence metals prices, including supply and demand dynamics, economic conditions, geopolitical events, currency movements, and investor sentiment. Precious metals often serve as a store of value during times of economic uncertainty, while industrial metals’ prices can reflect global manufacturing and construction activity. Overall, metals trading plays a vital role in the global economy, serving industries, investors, and traders while contributing to price discovery and risk management in the metals industry.
To review the specifics, please click on the corresponding account type.
| Symbol | Description | Contract Size | Min Spread | Commission (Per Lot) | Min/Max Lot Size | Point Value (USD) | Trading Hours (GMT+3) |
|---|---|---|---|---|---|---|---|
| XAUUSD | Gold vs US Dollar | 100 XAU | 27 | – | 0.01/30 | 1 | Mon 01:15 – Fri 23:57 |
| XAGUSD | Silver vs US Dollar | 5000 XAG | 13 | – | 0.01/30 | 5 | Mon 01:15 – Fri 23:57 |
| XAUXAG | Gold vs Siver | 2500 XAU | 54 | $25 | 0.05/30 | 2.5 (XAU) | Mon 01:15 – Fri 23:57 |
| ALUMINIUM | Aluminium | 10 ALU | 11 | – | 0.01/30 | 10 | Mon 10:34 – Fri 21:27 |
| XAUJPY | Gold vs Japanese Yen | 100 XAU | 67 | – | 0.05/30 | 100 (JPY) | Mon 01:15 – Fri 23:57 |
| Symbol | Description | Contract Size | Min Spread | Commission (Per Lot) | Min/Max Lot Size | Point Value (USD) | Trading Hours (GMT+3) |
|---|---|---|---|---|---|---|---|
| XAUUSD | Gold vs US Dollar | 100 XAU | 19 | – | 0.01/30 | 1 | Mon 01:15 – Fri 23:57 |
| XAGUSD | Silver vs US Dollar | 5000 XAG | 5 | – | 0.01/30 | 5 | Mon 01:15 – Fri 23:57 |
| XAUXAG | Gold vs Siver | 2500 XAU | 54 | $20 | 0.05/30 | 2.5 (XAU) | Mon 01:15 – Fri 23:57 |
| ALUMINIUM | Aluminium | 10 ALU | 9 | – | 0.01/30 | 10 | Mon 10:34 – Fri 21:27 |
| XAUJPY | Gold vs Japanese Yen | 100 XAU | 36 | – | 0.05/30 | 100 (JPY) | Mon 01:15 – Fri 23:57 |
| Symbol | Description | Contract Size | Min Spread | Commission (Per Lot) | Min/Max Lot Size | Point Value (USD) | Trading Hours (GMT+3) |
|---|---|---|---|---|---|---|---|
| XAUUSD | Gold vs US Dollar | 100 XAU | 7 | $12 | 0.01/30 | 1 | Mon 01:15 – Fri 23:57 |
| XAGUSD | Silver vs US Dollar | 5000 XAG | 3 | $12 | 0.01/30 | 5 | Mon 01:15 – Fri 23:57 |
| XAUXAG | Gold vs Siver | 2500 XAU | 54 | $15 | 0.05/30 | 2.5 (XAU) | Mon 01:15 – Fri 23:57 |
| ALUMINIUM | Aluminium | 10 ALU | 6 | $20 | 0.01/30 | 10 | Mon 10:34 – Fri 21:27 |
| XAUJPY | Gold vs Japanese Yen | 100 XAU | 6 | $15 | 0.05/30 | 100 (JPY) | Mon 01:15 – Fri 23:57 |
| Symbol | Description | Contract Size | Min Spread | Commission (Per Lot) | Min/Max Lot Size | Point Value (USD) | Trading Hours (GMT+3) |
|---|---|---|---|---|---|---|---|
| XAUUSD | Gold vs US Dollar | 100 XAU | 7 | $9 | 0.01/30 | 1 | Mon 01:15 – Fri 23:57 |
| XAGUSD | Silver vs US Dollar | 5000 XAG | 3 | $9 | 0.01/30 | 5 | Mon 01:15 – Fri 23:57 |
| XAUXAG | Gold vs Siver | 2500 XAU | 54 | $10 | 0.05/30 | 2.5 (XAU) | Mon 01:15 – Fri 23:57 |
| ALUMINIUM | Aluminium | 10 ALU | 6 | $15 | 0.01/30 | 10 | Mon 10:34 – Fri 21:27 |
| XAUJPY | Gold vs Japanese Yen | 100 XAU | 6 | $10 | 0.05/30 | 100 (JPY) | Mon 01:15 – Fri 23:57 |
Trading stocks, options, futures, currencies, foreign stocks and fixed income securities involves significant risks. Options trading is not suitable for all investors. For detailed information, please refer to the document “Features and risks of standardized options. Renaitech (UK) Limited a company of LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED, One Coleman Street, EC2R 5AA London, United Kingdom, is authorized and regulated by the Financial Conduct Authority ( FCA), with reference number 02091894. Cryptocurrencies are not regulated in the United Kingdom the FCA as a cryptocurrency firm under the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017. Products are covered by the UK FSCS in limited circumstances only. Before transacting, all customers should read the risk disclosure statements available on the page Warnings and disclaimers. For a complete list of Renaitech’s global memberships and stock exchange affiliations, please visit the Stock Lists page.
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