IBFX Australia is now offering gold & silver - available on your current live account!
Many are turning to gold and silver as a means to diversify their portfolios. These metals are popular for being forms of money with intrinsic value. Gold and silver are classified as currencies by the International Organization for Standardization (ISO), and gold and silver are traded relative to a currency pair. Their symbols, XAU for gold and XAG for silver, are derived from their abbreviations on the periodic table of chemical elements: “X” standing for “exchange”, and the succeeding two letters, AU and AG, are their abbreviations from the periodic table.
|XAU/USD - Gold / US Dollar||1 Standard lot||10 oz||1 pip = $0.10 US dollars|
|1 Mini lot||1 oz||1 pip = $0.01 US dollars|
|XAG/USD - Silver / US Dollar||1 Standard lot||500 oz||1 pip = $5.00 US dollars|
|1 Mini lot||50 oz||1 pip = $0.50 US dollars|