Gold, Silver and Oil are one of the oldest and most trusted forms of currency. Trading commodity contracts requires no physical purchase of the commodity.
Spot Gold (XAU/USD) & Spot Silver (XAG/USD)
Previous metals are regularly viewed as a safe haven asset. During times of economic uncertainty it is often an attractive option, especially to diversify one’s investment portfolio. Rubix FX offers XAU/USD and XAG/USD as a spot metal instrument and requires no physical purchase of the commodity. Similar to trading spot currency, traders can buy/sell gold or silver on the real time price movements using our MetaTrader 4 platform.
Rubix FX offers different types of spot oil including spot Brent and spot WTI. Spot oil is one of the world’s most widely traded commodities, where many factors including supply, demand, political volatility in oil production and advancements in alternate fuels can affect the oil price.
BRENT - Spot UK Crude Oil
BRENT is referenced as a pricing benchmark for over two thirds of the world’s crude oil contracts. This crude oil is ideal for diesel fuel refinement and is easy to transport due to supply being water-borne. Therefore, demand for BRENT crude oil correlates heavily to its origination.
WTI - Spot US Crude Oil
WTI crude oil is produced in America and continues to be the main pricing benchmark in the US. Demand for this commodity correlates heavily to its ideal gasoline refining properties and price movements in WTI is heavily influenced by developments in North America.