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You trade on the price of gold or silver against a currency, such as XAU/USD, without owning the physical metal. You can profit from rising or falling prices.
Precious metals are often seen as a store of value and can react to inflation, interest rates, the US dollar and geopolitical events, which makes them popular for hedging and diversification.
Key drivers include US dollar strength, interest-rate expectations, inflation data, central bank buying and demand for safe-haven assets during uncertainty.
Leverage of up to 1:500 is available. Leverage magnifies both profits and losses, so manage your position size and risk carefully.
Metal prices can be volatile, especially around economic announcements. Leveraged trading can result in significant losses, so only trade with money you can afford to lose.