Spot gold is quite popular among investors nowadays. It is traded globally in an over-the-counter (OTC) market. The spot gold market is available 24 hours a day from Sunday at 6:00 p.m. (Eastern Time) to Friday at 5:00 p.m. (Eastern Time).
Why trade spot gold?
Reason No. 1 for trading spot gold: haven against unstable circumstances
Spot gold is a safe-haven for it is not that easily influenced by economic, political, social or currency-based crisis, such as investment market declines, inflation, war and social unrest and gold has been gradually gaining in value for around several decades.
As I have mentioned before, Spot gold market is available 24 hours from Sunday at 6:00 p.m. (Eastern Time) until Friday at 5:00 p.m. (Eastern Time), which provide traders convenience in choosing spot gold trading time.
Reason No. 3 for trading spot gold: wider choices of spot gold platforms
Nowadays, there are a great number of platforms that enable traders to trade spot gold, which provide convenience and wider choices for traders to trade spot gold. Traders are able to choose such reliable platforms as IKON prodigy, IKON MultiBank etc. to trade spot gold.
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