Precious Metals
where macro and risk
intersect.
Gold and silver are two distinct instruments, each with different sensitivity to the US dollar, interest rates and risk sentiment. Trade XAU/USD and XAG/USD on MetaTrader 5 and access global precious-metal markets with one account.
Two instruments, two characters.
Click a card and the 3D hero scene switches to that metal. The sensitivities below are qualitative and illustrative, to help explain the differences.
Market prices Third-party reference prices
Prices are provided by TradingView and may be delayed or temporarily unavailable; they are not Bayocean execution quotes. If prices do not load, use the source link below.
What drives precious metals.
Precious metals are priced in US dollars and pay no interest, so they are particularly sensitive to changes in interest rates, the US dollar and market sentiment.
Real yields
Changes in interest rate and inflation expectations alter the opportunity cost of holding a non-yielding asset.
US Dollar
Precious metals are quoted in US dollars; they usually come under pressure when the dollar strengthens and find support when it weakens.
Risk sentiment
When uncertainty rises, safe-haven demand may drive flows into gold.
Industrial demand
Silver’s use in solar, electronics and other industries makes it more sensitive to the economic cycle.
Volatility is part of the product.
Precious metals are not a byword for “stable” or “safe”. In leveraged trading, metal prices can move quickly on data releases or unexpected events, and leverage magnifies both gains and losses.
- Silver usually moves in wider ranges than gold
- Spreads and slippage may widen around major data releases
- Check margin, swaps and trading sessions before trading
Trade gold and silver on MT5.
Final trading symbols, margin, swaps, trading sessions and quotes are governed by Bayocean’s current Product Specifications.