Spot Metals

Trading spot metals with DANA allows traders to speculate on the price movements of gold or silver relative to the US dollar or the euro, and is an ideal solution for both long and short-term speculation or as an investment alternative.  The spot metals markets are quoted and traded in a very similar way to forex currency pairs.  Trading is available 24 hours a day from Sunday 00:00 GMT through Friday 23:00 GMT.

The spot gold and silver markets trade globally over the counter with the main financial centers being London, New York, and Zurich.  Thus, liquidity in the spot metals market is often highest when European market hours overlap with New York market hours, typically from 1300 GMT until 1700 GMT.  

Investors are driven to trade in the spot metals markets for many reasons.  Speculation on price movements in a very liquid market, whether short-term or long-term, can be quite profitable alone, or as a part of a balanced asset allocation in an investment portfolio.  Still others utilize spot gold and silver trading as a risk management tool, hedging against market volatility caused by economic turmoil.
 
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* The high degree of leverage that is obtainable in the trading of off-exchange FX transactions
   can work against you as well as for you. Leverage can lead to large losses as well as gains.
**Dana is compensated through the difference between the buy and sell prices.