Precious metals are rare, naturally occurring metals with high economic value, including gold (XAU), silver (XAG), platinum (XPT), and palladium (XPD). They are traded as CFDs against the US dollar and serve as safe-haven assets during economic uncertainty. Gold and silver are the most actively traded precious metals in the forex and CFD market, offering high liquidity and significant daily price movement.
During a period of rising inflation and geopolitical tension, gold (XAU/USD) rallies from $2,200 to $2,400. Traders buy gold as a safe-haven trade. Silver (XAG/USD) follows with a correlated but more volatile move from $26 to $30.
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