At City Index, you can trade CFDs on a wide range of metals including gold, silver, platinum and palladium.
We run a number of our metals markets 23 hours a day to give you access to live prices and help you to maximise your trading potential. Our spreads start at 3 points for silver and 4 points for palladium.
Metals CFD Example
Let's say our gold CFD price is 1250.1/1250.5 (sell price/buy price).
Going Long
You think that gold prices are currently undervalued at these levels and decide to buy (go long) 20 CFDs at 1250.5 (buy price).
You were right: Over the coming days, the price of gold surges on increasing demand for the precious metal. When prices reach 1280.5, you decide to cash in your profits. We are now quoting a gold CFD price of 1280.5/1280.9. To close your trade, you now sell 20 CFDs at 1280.5.
Result: You bought at 1250.5 and sold at 1280.5, representing a 30-point movement in your favour, which at a trade size of 20 CFDs, nets you a profit of $600 (1280.5 – 1250.5 x 20 CFDs) (note gold CFD bet per is 1.0).
Alternative scenario: If however, you were wrong and gold prices had fallen to 1220.5, you would net a $600 loss (1250.5 - 1220.5 x 20 CFDs).
Going Short
You think gold prices are overvalued at these levels and decide to sell (go short) 20 CFDs at 1250.1 (sell price).
You were right: Over the coming days, some increased appetite for risk convinces investors to move money out of gold, causing gold prices to fall. When the prices reach 1220.1, you decide to cash in your profits. We are now quoting a gold CFD price of 1219.7/1220.1. To close your trade, you now buy back 20 CFDs at 1220.1.
Result: You sold at 1250.1 and bought back at 1220.1, representing a 30-point movement in your favour, which at a trade size of 20 CFDs, nets you a profit of $600 (1250.1 – 1220.1 x 20 CFDs) (note gold CFD bet per is 1.0).
Alternative scenario: If however, you were wrong and prices had risen to 1280.1, you would net a $600 loss (1280.1 - 1250.1 x 20 CFDs).
Education and Resources
Our superior trading platform is packed with resources to help you make better-informed CFD trading decisions. Our resources include live news feeds from Dow Jones Newswires and a charting package that is available free of cost to all City Index trading account holders.
Our specialised webinars, held by our team of trading experts, enable you to learn trading at your own pace and from your own computer, no matter where you are. Find out more about our webinars and seminars.
Multi-Platform Access
Our range of trading platforms enable you to trade securely and at any time of the day. Our secure and easy-to-use online trading platform makes it possible for you to spread bet and trade CFDs from the same platform while City Trading™ our cutting-edge iPhone™ Trading App enables you to trade from wherever you are and at any time of the day.
