With FXCM, you can bet on the price movement of metals, oil and gas, similar to forex. All you need to know is the symbol for the product you want to trade and the contract size.
West Texas Intermediate WTI , also known as Texas light sweet, is a grade of crude oil used as a benchmark in oil pricing. Brent Crude is a trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. The index represents the average price of trading in the day BFOE market in the relevant delivery month as reported and confirmed by the industry media.
Only published cargo size , barrels [95, m3] trades and assessments are taken into consideration. North American unregulated wellhead and burner tip natural gas prices are closely correlated to those set at Henry Hub.
COMEX Copper is widely considered as one of the key cyclical commodities, given its extensive usage in construction, infrastructure and an array of equipment manufacturing. The biggest end-use is for the production of cables, wiring and electrical goods because of its excellent electricity conducting properties.
The construction sector is the second largest user of copper, for plumbing, HVAC and building wiring applications. Although found in abundance and widely extracted as well as recycled, the copper value chain is quite capital intensive.
This makes the market susceptible to supply-side constraints, and therefore, volatile price fluctuations. Gold is traded in the spot market, and the gold spot price is quoted as US dollar per troy ounce. Since , the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market.
Gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world code XAU. The price of silver is driven by speculation and supply and demand—mainly by large traders or investors, short selling, industrial, consumer and commercial demand, and to hedge against financial stress.
Compared to gold, the price of silver is notoriously volatile. This is because of lower market liquidity, and demand fluctuations between industrial and store of value uses. At times this can cause wide-ranging valuations in the market creating volatility. Overview What is Forex? Overview What Are Indices? Overview Why Trade Commodities?
UKOil - Brent Crude Brent Crude is a trading classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide. Copper COMEX Copper is widely considered as one of the key cyclical commodities, given its extensive usage in construction, infrastructure and an array of equipment manufacturing.More...