Priced per troy ounce
Gold and platinum trade in 100-ounce contracts, silver in 5,000-ounce contracts. One lot of gold therefore moves 100 units of currency for every 1.00 change in the quoted price.
Explore 02 / 06Metals
Asset class
Precious metals, priced by the ounce
Follow price movements in gold, silver, platinum and palladium through metal CFDs. Contracts are cash-settled — no metal is stored, allocated or delivered.
These are derivative contracts on a spot metal price. They do not confer ownership of physical bullion.
- Metals available
- 4 spot + crosses
- Spreads from
- 18 cents on XAU/USD
- Standard contract
- 100 oz (gold)
- Minimum trade size
- 0.01 lots
- Daily break
- 21:00 – 22:00 UTC
When metals trade
Times in UTC
00:0006:0012:0018:0024:00
- Metals desk XAU / XAG
- Asia pricing Shanghai
- London fix LBMA AM/PM
- COMEX floor New York
Metals desk XAU / XAG: 22:00–24:00 UTC, 0:00–21:00 UTC. Asia pricing Shanghai: 1:00–9:00 UTC. London fix LBMA AM/PM: 7:00–16:00 UTC. COMEX floor New York: 13.33:00–18.5:00 UTC
- Settlement break 21:00–22:00 UTC
- LBMA fixes at 10:30 and 15:00 UTC
- Swap triple-charged Wednesday
Spot metals track the underlying futures session and trade nearly around the clock, pausing for a one-hour settlement break each weekday evening.
InstrumentsFull instrument specs
What you can trade
Indicative conditions for a Standard account. Live values are shown in the platform and may differ.
| Symbol | Metal | Contract size | Min size | Spread from | Max leverage | Swap L / S |
|---|---|---|---|---|---|---|
| Precious | ||||||
| XAU/USD | Gold / US Dollar | 100 oz | 0.01 | 0.18 | 1:20 | -9.40 / +1.85 |
| XAG/USD | Silver / US Dollar | 5,000 oz | 0.01 | 0.021 | 1:10 | -2.16 / +0.42 |
| XPT/USD | Platinum / US Dollar | 100 oz | 0.01 | 1.60 | 1:10 | -7.85 / +1.10 |
| XPD/USD | Palladium / US Dollar | 100 oz | 0.01 | 4.20 | 1:10 | -11.20 / +2.05 |
| Crosses | ||||||
| XAU/EUR | Gold / Euro | 100 oz | 0.01 | 0.34 | 1:20 | -6.10 / +0.90 |
| XAG/EUR | Silver / Euro | 5,000 oz | 0.01 | 0.028 | 1:10 | -1.72 / +0.28 |
Spread shown in price units of the quote currency. Figures are indicative and not an offer.Showing 6 of 6
Mechanics
How metals works here
No storage, no delivery
A metal CFD settles in cash against the reference spot price. There is no vaulting, insurance or allocation, and no physical redemption at any point.
Financing runs against long positions
Holding metal long generally costs financing, since there is no yield to offset it. Short positions may receive a credit. Rates are published daily in the platform.
Costs
What a position costs
Four things can affect the cost of holding this instrument. All of them are shown before you confirm an order.
On XAU/USD in standard conditions. Widens in the settlement break and thin Asian hours.
Applied per lot on raw-spread accounts only.
Reflects the cost of carry rather than an interest differential.
Tiered margin applies above published notional thresholds.
Specific risks in metals
Metals can move sharply on monetary-policy announcements, real-yield shifts and safe-haven flows. Silver, platinum and palladium are materially less liquid than gold and can gap through stop levels, meaning a position may close at a worse price than the one requested.
Next
Try metals on a demo first
A demo account runs on the same pricing and the same platform, with no funds at risk. Switch to live whenever you are ready.
Risk warning. CFDs are leveraged products and involve a high risk of losing money. Leverage can magnify both gains and losses. Make sure you understand how CFDs work and whether you can afford the risk involved. FXPolo does not provide investment advice, and nothing on this page is a recommendation to trade any instrument.
Instrument availability, spreads, leverage limits and trading hours vary by account type, client classification and jurisdiction, and are subject to change. All figures shown are indicative and are not an offer. Confirm live conditions in the trading platform or on the instrument specification page before trading.