Spot gold (XAU) and spot silver (XAG) are tradable commodities offered by RCM at the best-of-market spreads and spot execution without having additional foreign exchange exposure. Spot trading is done similarly to forex currency trading where investors take short or long positions of the metals’ prices. There is no centralised marketplace for spot gold or silver trading and thus trading is accessible 23 hours a day, 5 days a week. RCM offers CFDs on spot metals in both USD and EUR.
Since the 1st January 2002 the price of Gold has increased dramatically and this has benefited its investors in two ways. For long term investors, they have seen a huge rise in return on investment and for short term investors, they have been able to capitalize on the large and frequent fluctuations in Gold’s value both upwards and downwards.