Metals, and in particular precious metals, are popular assets among traders using social trading forex brokers, and nearly all brokers in this category offer at least gold and silver in the form of CFDs. In addition, some brokers also offer less popular metals like copper and aluminum.
Precious metals are often used by traders and investors as “safe-haven assets” in times of financial turmoil, for example during sharp sell-offs in the stock market. Additionally, forex traders typically use precious metals as a hedge against the risks related to the US dollar, since these two assets generally move in opposite directions.