Some crypto & forex brokers also offer CFDs based on popular metals like gold, silver, platinum, and copper, in addition to the usual cryptocurrency and forex pairs. Among these metals, gold is by far the most traded one, with a highly active and liquid market both for the physical metal, as well as for futures contracts and other financial derivatives.
Precious metals in particular are popular investments during times of financial turmoil. These metals can then function as a hedge against national fiat currencies, much in the same way as cryptocurrencies like bitcoin also represent an alternative to government-issued currencies. For traders looking to make short-term profits from metals, CFDs are ideal since they come with leverage that makes it possible to earn significant profits even with a small amount of trading capital.