What Are Metals?
Gold and Silver have always been an important part of any trader's or investor's portfolio. Both metals are generally used to protect or hedge against political instability, dollar weakness, inflation and deflation. Often, traders refer to Precious Metals as a “safe-haven” as with any adverse market conditions Gold retains its value whereas other assets are volatile.
The global supply and demand of Metals plays an important role for their value. With a demand increase, Metals prices rise, and the other way around. If the demand is lower, the value of Precious Metals declines. However, this effect is felt in the longer term, and does not change the short-term prices.
Precious metals like Gold & Silver
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Metals Trading Conditions
| Symbols | Description | Digits | Point | Contract Size | Volume Min | Volume Max | Volume Step | Leverage | Commission | Swaps Short | Swaps Long | Spread |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XAUUSD | Spot Gold vs US Dollar | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | 22.99 | -48.11 | 36 |
| XAUEUR | Spot Gold vs Euro | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | 15.12 | -33.63 | 100 |
| XAGUSD | Spot Silver vs US Dollar | 3 | 0.001 | 5000 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | 2.98 | -6.04 | 21 |
| XAUAUD | Spot Gold vs Australian Dollar | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | 32.17 | -70.77 | 100 |
| XAUJPY | Spot Gold vs Japanese Yen | 2 | 0.1 | 100 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | -537.05 | -600.97 | 900 |
| XAGAUD | Spot Silver vs Australian Dollar | 3 | 0.001 | 5000 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | 3.71 | -8.90 | 70 |
| XAGEUR | Spot Silver vs Euro | 3 | 0.001 | 5000 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | 1.62 | -4.31 | 30 |
| XAGJPY | Spot Silver vs Japanese Yen | 1 | 0.1 | 5000 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | -56.54 | -179.31 | 40 |
| XAUCNH | Spot Gold vs Chinese Yuan | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | -209.28 | -361.67 | 500 |
| XAUGBP | Spot Gold vs British Pound Sterling | 2 | 0.01 | 100 | 0.01 | 20 | 0.01 | Up to 1:10 | US$ - | 17.86 | -38.58 | 50 |
Please note that leverage differs by instrument. Kindly see the attached file for more information.
Spreads/swaps are in USD. If your account with Scope Markets is denominated in another currency, spreads/swaps will be shown in your respective currency of choice.
Spreads/swaps are indicative. For accurate, live spreads/swaps please refer to Scope Markets MetaTrader platform.
Trading Hours
| Symbol | Market Hours (DST)* | Break Sessions (DST)* | |
|---|---|---|---|
| XAUUSD | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAGUSD | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAUEUR | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAUAUD | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAUJPY | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAGAUD | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAGEUR | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAGJPY | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAUCNH | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) | |
| XAUGBP | 18:01 (Sunday) to 16:58 (Friday) | 16:58 to 18:01 (Daily from Monday to Thursday) |
* MT5 Server Time (GMT-4)
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