Gain Capital Holdings’ Forex.com UK division has added spot metals to its MetaTrader 4 platform, enabling clients to trade gold and silver on a margined basis.
Gain Capital Holdings’ Forex.com UK division has added spot metals to its MetaTrader 4 platform, enabling clients to trade gold and silver on a margined basis.
The two metals products are in addition to the currency pairs currently available on Forex.com’s MetaTrader platform.
Forex.com added metals to ForexTrader, its own proprietary platform, earlier this year.
‘For many of our clients, the trading of spot gold and silver will be a natural extension to their foreign exchange trading, as the precious metals market is driven by several factors that currency traders typically follow, including the strength of the U.S. dollar and the price of oil,’ says Matthew Wright, regional director EMEA.
‘Aggressive policy reactions by central banks around the world to the current global economic downturn have flavoured the outlook for inflation into the medium-term and heightened interest in the prospects of gold and silver prices which are traditional inflation hedges,’ adds Jane Foley, director of research for Forex.com. ‘Consequently, movements in the prices of these metals are again at the fore of market awareness, making them an interesting trading prospect at the current time.’
