The precious metal is seen as a “safe haven” due to its proven store of value and market utility. Unlike fiat currencies or other assets, there is no risk of it becoming worthless. For this reason, during times of economic uncertainty, traders rely on this asset.
Remember the time when the US dollar was backed up by Gold? Those times have passed a long time ago, but the asset is still being used today as a back-up, against inflation.
Gold is still the number one choice for most investors, followed by Silver, Palladium and Iridium.
Other factors that create market movements in the metal’s price are main aspects of the global economy, such as inflation, GDP growth, refinancing rates and decisions made by global central banks.
Account
Account
Account
Account
Account
Get our Newsletter and join the Community!
The website is owned and operated by MAIN GROUP FX PTY LTD.
Main Group Fx is a trading name of MAIN GROUP FX PTY LTD (ACN 665 904 236). MAIN GROUP FX PTY LTD is a Corporate Authorized Representative of MGF CAPITAL PTY LTD (CAR number 001301900). MGF CAPITAL PTY LTD is authorized and regulated by the Australian Securities & Investments Commission (ASIC), (AFSL no 421246), with a registered office at 465 Victoria Ave, Chatswood, NSW 2067, Australia.
Trade Responsibly
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.46% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
All financial products involve risk. Past performance is not a reliable indication of future performance. Before taking action about any financial product, you should ensure that you understand the specific risks it involves and that it’s suitable for you. Investing in certain assets (leverages securities) carries a high level of risk, as you may incur losses that exceed your original investment. Before trading, please take into consideration your level of experience, and investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the Main Group FX brand based on the legal requirements in his/her country of residence.
MAIN GROUP FX PTY LTD assumes no liability as to the accuracy or completeness of the information provided. This communication must not be reproduced or further distributed without prior permission.
Nothing on this website should be constructed as a financial advice or invitation to buy or sell a product.
Any use of the Main Group FX website is subject to “Terms of Use”, as amended from time to time, and the “Copyright” provisions, as amended from time to time, both of which shall be construed as constituting an integrated part of this disclaimer.
This website is owned and operated by Main Group FX Pty Ltd – All rights reserved © 2023.