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CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. 
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CFDs and forex (FX) are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX, or any of our other products work and whether you can afford to take the high risk of losing your money.
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Commodities webinar

Trading precious metals

Commodities
Saxo Be Invested
Saxo

Commodities are increasingly popular to invest in. But commodities are a wide range of products that are being used in either consumption or production. Therefore, different commodities are affected by different external factors. To sharpen your research, we've asked our Head of Commodity Strategy, Ole S. Hansen, to outline what factors are most relevant to pay attention to, when diving into the four commodity subgroups, energy, industrial metals, precious metals and agricultural commodities.

Here we look at what mainly affects precious metals. Precious metals are highly valuable metals such as gold and silver. This group also covers metals like platinum and palladium, which among other uses is being used to reduce emission from diesel and gasoline-fueled cars and trucks. The prices of these metals move with the global macro financial and political situation. In times of uncertainty, falling markets or rising inflation, precious metals are often seen as a popular investment as a so-called safe haven—an investment object with a steadier price relative to the rest of the market. Price movements are also dependent on changes in bond yields, official short-term interest rates, the strength of the dollar as well as demand from end-users such as central banks. 

Note: It is worth important to be aware that the umbrella term precious metals, covers certain metals like palladium, which are mainly connected to specific industries. They behave differently from a safe haven metals like gold, so they should be disregarded from this and make sure to do extra research before plunging into such metals.

What to pay attention to, when researching precious metals:
Trading precious metals 1200x650

How to read the graph: The graph indicates, which factors could have the greatest impact on a given type of commodity. The further away from the center the line is, the greater the influence that specific topic has.

Check out any of the other three subgroups:

Note that this should be used only as inspiration and neither should be seen as a recommendation to invest in the asset class, nor should it be used as the only piece of information about whether it fits your investment strategy, portfolio and risk profile. More research is required to make investment decisions.

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None of the information provided on this website constitutes an offer, solicitation, or endorsement to buy or sell any financial instrument, nor is it financial, investment, or trading advice. Saxo Bank A/S and its entities within the Saxo Bank Group provide execution-only services, with all trades and investments based on self-directed decisions. Analysis, research, and educational content is for informational purposes only and should not be considered advice nor a recommendation.

Saxo’s content may reflect the personal views of the author, which are subject to change without notice. Mentions of specific financial products are for illustrative purposes only and may serve to clarify financial literacy topics. Content classified as investment research is marketing material and does not meet legal requirements for independent research.

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Please refer to our full disclaimer and notification on non-independent investment research for more details.
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