Metals

Pinned to it

1. 1

   Priced by the troy ounce

   Precious metals are priced per troy ounce in US dollars.

2. 2

   Quoted as a pair

   Spot metals are quoted as pairs (XAU/USD is gold in US dollars) and traded on margin, like a currency pair.

3. 3

   One standard lot

   What one standard lot represents, where this site states it.

   • Gold: 1 standard lot = 100 troy ounces
   • Silver: 1 standard lot = 5,000 troy ounces
4. 4

   What is listed

   Gold, silver, platinum and palladium, quoted against the US dollar.

5. 5

   Hours

   Close to 24 hours a day on weekdays, with a short daily break.

6. 6

   Commonly monitored

   Factors market participants commonly follow for this asset class. A description of practice, not a view on where prices will go.

   • Real yields and expectations for interest rates
   • The US dollar
   • Inflation expectations
   • Demand for defensive assets in periods of stress

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