Precious Metals

Novox offers a variety of popular CFDs of precious metals in the market.
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Instruments Trading Rules Account Overview Funding
Forex Precious Metals Commodities Indices
Precious metals such as gold and silver are inherently savings-valuable, safe-haven assets. They can be used to balance portfolios and prevent inflation or other uncertain risks.
At NOVOX, you can trade gold and silver in U.S. dollars, trading freely in the market's uptrend and downtrend without being charged extra commission.

The trading example of precious metals

Your gross trading profit is calculated as follows:

The price of opening a position:

The price of closing a position:

Gross trading profit:

Open a position

The price of gold is 1283.7/1284.1 and you decide to sell 2 lots (equal to $2567.4) at 1283.7.

(The contract size of your position is 200 OZ x1283.7=256,740 USD, and your trading account leverage is 1:200. Besides, the position-opening margin is $256,740/200=$1383.7 USD)

Close a position

A week later, the price of gold falls to 1279.6/1280.0, you decide to buy back 2 standard hands at 1280.
Precious metals Description Contratc size Standard account Xero account
Spread Spread Commission
XAUUSD Gold 100 OZ 40 10 7 USD
XAGUSD Silver 5000 OZ 40 10 7 USD