BullBearings, the Fantasy Stock Market Game In the current economic climate, knowing the facts is more important than ever for making informed investment decisions. Choose the latest reports from 23 different industries. Much like trading currency pairs, spot metals enables traders to take a long or short position in gold or silver while simultaneously taking the opposite position in the Trade. Spot gold and silver trades globally in an over-the-counter market, and prices float freely based on supply and demand. The spot price is the price quoted for the metal to be paid for including delivery two days following the date of the actual transaction also known as the settlement date. Trading is available 24 hours a day from Sunday at pm GMT to Friday at pm GMT. There is no central market, however, the main centres for trading spot gold and silver are London, New York, and Zurich. Liquidity is typically highest when European market hours overlap with trading in New York - roughly four hours a day during the morning for U. There may be some illiquid periods for trading spot gold and silver around the close of the US market 10pm GMT to 11pm GMT. There is a twice-daily fix for gold and a daily fix for silver in London that helps set reference points for intraday prices. Reading a spot gold or silver quote is very similar to reading a Forex quote. It is even represented the same way. When the price or quote for gold goes up, gold has strengthened in value and is now worth more dollars than before. If the price of gold goes down, it takes fewer dollars to purchase 1 ounce of gold, and the value of the dollar has increased when compared to the value of gold. A trader can buy or sell into a position with a simple click of the mouse. Spot gold and silver prices are quoted internationally in U. A typical quote you might receive for spot gold is This means that you could sell one or more lot s of gold ator buy at The spread you would pay in this example would be the difference between these two prices or The dollar amount represented by the change in price will depend upon the size of the trade you have placed. Located at the second decimal place for a spot gold quote, oreach pip represents 1 cent in dollar value. One of the most common descriptions of gold and silver as investments is that they are a hedge against inflation. The thinking is that as the inevitable decrease in buying power affects currencies, owning gold is one way to hedge against the value of your wealth decreasing. Doing so ensures that you will receive a commensurate amount of currency for the amount of gold you own, no matter what the inflation rate is. Gold and silver are also used as a hedge against the US dollar in the current economic environment. Thus when the reserve currency comes under pressure, investors seek out other alternatives. During times of high volatility and risk, investors may move funds to gold as a way to safeguard against uncertainty. Indicators that impact inflation such as the Consumer and Producer price indices, interest rate announcements, and treasury auctions play a large part in determining the inflation rate, and therefore have an impact on gold prices. Macroeconomic indicators, such as the Unemployment rate and Gross Domestic Product GDP also shed light on the strength of an economy, and may lead oil to lean towards or away from moving money into gold. While the current economic environment has seen some of the traditional strong negative correlations between precious metals and the US dollar weaken, they can resurface at any time. Political events can also have a significant impact on the price of gold. Oil and other commodity prices may also trade affected, and the commodity relationship might have a carry-over effect into the gold markets, pulling or pushing the price of gold in the same direction as oil. Oil the spot gold market is somewhat volatile, given the ability to enter and exit trades several times a minute. For this reason, prices may be more susceptible to short-term fluctuations that do not necessarily follow a long-term trend. Keep in trade that increasing leverage increases risk. Margin is the amount of money you must have in your account to hold a particular trade. If you fall below this amount, your trade may be closed automatically, otherwise known as being liquidated. The smallest increment of a spot gold price is For spot silver, it is The smallest trade you can place in spot gold or silver is a single lot. For gold that is 10 troy ounces, and for silver it is troy ounces. For example, a change in price from to in gold means a difference ofor 30 pips. Crude oils are classified as either Light or Heavy depending on their API gravity, and as either Sweet or Sour, depending on their sulphur content. It is typically priced higher than the OPEC composite price. Source: The Energy Information Forex Trading in petroleum products spans many industries, and as such, is affected by both high-level geopolitical factors, as well as the trading activities of speculators. Players in the global oil trade range from entire economies, to large corporations, to traders on exchanges, down to the average daily consumption of gasoline in your car. Airlines may use oil trading to protect against an anticipated price increase, and Wall Street traders may trade oil futures to attempt to profit from market movements. The factors that may influence the price of oil are similar to that of a currency pair, in that they are affected by market-forces. These can be political, financial, or even weather-related. Reading an oil quote is very similar to reading a Forex quote. It is represented the same way, e. Oil prices are quoted internationally in US dollars per barrel. A pip refers to the second decimal place for an oil quote, i. Oil is a tangible and in-demand commodity. The largest consumer and importer of oil in the world is the United States, followed by China and Japan. Anything that disrupts the supply of oil is guaranteed to influence its price. Factors such as extreme weather, war, terrorism, political unrest, and OPEC production decisions have the potential to push the price of oil up and down. Since oil is used in the manufacture of many different consumer products, from gasoline and heating oil to fertilizer and cosmetics, the demand for these products can also have an effect on forex value of crude oil. When consumption falls in these products, the demand for crude oil also falls, and this can have a negative effect on prices. Inventory numbers, sales figures and the EIA petroleum status reports all serve to shed light on the difficult task of measuring overall oil consumption. Traders can look to these reports and announcements to better understand the factors influencing the consumption of oil. The seasonal consumption pattern can also have an effect on the price of crude. During cold-weather months, more heating oil is consumed than in warmer months. The hurricane season in the Gulf Coast of the United States also has potential to influence the price of oil, since hurricanes pose a threat to refineries located in the Gulf of Mexico. Speculators are aware of these patterns and their sentiment may influence their trading decisions. Recently brought to the forefront of the global oil debate, thanks to the extreme price-spike in the summer ofis the role of speculators in determining the price of oil. While speculators do serve to provide liquidity to a market, the fact that traders without the need for physical delivery of the commodity have the ability to significantly move the price of oil has raised eyebrows around the world. Since oil is quoted in U. Dollars, many of the factors influencing the dollar can carry over into the oil markets. In a general way, the direction of oil prices is regarded as being opposite to the direction of dollar strength. A stronger dollar means that it takes fewer dollars to purchase a barrel of oil. This is typically good for consumers. Keep in mind that leverage increases risk over full value trading. Margin is the amount of money you must have in your account to open and maintain a position. There are no margin calls, so if your account balance falls below the margin requirement we will automatically close your positions to ensure that you cannot lose more money than you have in your account. Bullbearings is a fantasy share-trading game that simulates the Stock Market using real information from the London Stock Exchange. Bullbearings has over 100,000 members from across the how and reaches a diverse range of users including private investors, professional traders, students and leading financial companies. More about us Based on our Virtual Trading Platform BullBearings offers a range of how solutions including white label versions of our games, to include on your own website oil bespoke financial simulation tailored completely to your requirements. The spot price is the price quoted for the metal to be paid for including delivery two days following the date of the actual transaction also known as the settlement date Trading is available 24 hours a day from Sunday at pm GMT to Friday at pm GMT. There is a twice-daily fix for gold and a daily fix for silver in London that helps set reference points for intraday prices Who trades spot gold and silver, and why? There are many different reasons that drive investors to trade spot gold and silver Speculation on the price based on the use of fundamental and or technical analysis Creating a balanced, diversified asset allocation model for an overall investment how Applying risk management as a hedge against market volatility and financial crises caused by economic, political or social turmoil Metal Quotes How to read a forex gold or silver quote Reading a spot gold or silver quote is very similar to reading a Forex quote.
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