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EURUSD: 1.2912 / 1.2914    GBPUSD: 1.5094 / 1.5096    USDJPY: 101.62 / 101.64    USDCHF: 0.9685 / 0.9687    AUDUSD: 0.9723 / 0.9725    USDCAD: 1.0336 / 1.0338    EURGBP: 0.8553 / 0.8557    EURJPY: 131.22 / 131.26    EURCHF: 1.2505 / 1.2509    GBPJPY: 153.38 / 153.46    GBPCHF: 1.4616 / 1.4624    XAUUSD: 1379.50 / 1380.00   
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Products > Precious Metals

Precious Metals



 

SLBFX suggests you to get acquainted with one of the most stable and effective instruments of capital saving. Nowadays, almost every interested person can get an access to the global gold market and invest his/her funds in this precious metal. Moreover, gold can be not only a dead weight but also a profitable deposit. You can use gold in futures deals, which bring tangible yield. It is very gainful to invest in gold at the period of crises, when other investment instruments cannot give the same result.

Gold is the oldest and the most efficient measure of capital and wealth assessment. Other precious metals were used for the same purposes. Generations were changing, however, for everybody gold was a common equivalent as well as a means of payment and a commodity at the same time. The "gold standard" system exerted a great influence on the world economic development in the 19th – 20th centuries. National borders receded in the face of gold and it served as the main world currency until the 70’s of the 20th century. Due to this, operations with precious metals were under strict control. Generally, the transactions were conducted at the level of the states' monetary authorities and the international financial organizations.

However, as a result of contradictions within the system, qualitative changes took place and currency rates became floating.As a consequence, the gold's role was changed, on the legal basis it was excluded from the world currency turnover. Liberalization of gold deals began; the private individuals’ rights for physical possession of metals were expanded. The precious metals market altered, thus not only the market structure, but also its members and the line of operations changed. Nowadays, gold is no longer a payment facility; however it has not left the system of economic relations. Today the world gold market is a complex of domestic and international markets, which are almost independent from the governments’ control. All this guarantees a 24-hour global trading both in precious metals and in their derivative instruments.

The structure of the demand on the world gold market can be nominally divided into 3 sectors: hoarding at all levels, industrial and domestic consumption and speculative operations. Supply consists of precious metals, private and government reserves, processions of secondary raw materials (gold) and illegal traffic.

The main sources of supply are gold producers; the main buyers are those who use it for industrial purposes. Both appear on the market irregularly due to different factors. However, we will dwell upon surges and recessions on the market of precious metals further.


Date Time Currency Impact Detail Actual Forecast Previous
8-Oct 02:00 EUR    German Trade Balance Sky Line Brokers 18.3B 15.8B 16.1B
8-Oct 02:00 EUR    German WPI m/m Sky Line Brokers N/A 0.4% 1.1%
8-Oct 03:15 CHF    CPI m/m Sky Line Brokers 0.3% 0.3% 0.0%
8-Oct 04:30 EUR    Sentix Investor Confidence Sky Line Brokers -22.2 -20.6 -23.2
8-Oct 06:00 EUR    German Industrial Production m/m Sky Line Brokers -0.5% -0.7% 1.2%

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SLBFX
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Syrmbol Bid Ask Change  

EURUSD

1.2912

1.2914

GBPUSD

1.5094

1.5096

USDJPY

101.62

101.64

USDCHF

0.9685

0.9687

AUDUSD

0.9723

0.9725

USDCAD

1.0336

1.0338

EURGBP

0.8553

0.8557

EURJPY

131.22

131.26

EURCHF

1.2505

1.2509

GBPJPY

153.38

153.46

GBPCHF

1.4616

1.4624

XAUUSD

1379.50

1380.00

SLBFX