Trade XAUEUR with Traders Trust. Table of Contents
Invest in Gold/EUR with Traders Trust
Traders Trust is excited to announce that the broker is now offering CFDs on XAUEUR.
The precious metal as traded against the second most traded currency in the world has just been added to Traders Trust’s extensive instruments list.
You can now open long or short positions on Gold vs the Euro depending on where you think the price of the pair is going to move next.
Why you should invest in Gold?
Gold is categorized as a commodity, but it generally behaves more like a currency.
The precious metal is weakly correlated to other commodities, is not as extensively used in the metals industry, but unlike currencies, it is not linked to a specific country.
Gold is a global monetary asset reflecting global sentiment. The yellow metal price is heavily influenced by US macroeconomic conditions which include the strength of the U.S. dollar, interest rates and risk aversion levels. Other factors which affect the asset’s price include government asset requirements, demand levels in the luxury goods industry, its use in technology and industrial products and gold mining production volumes.
Why Gold paired with Euro?
The euro is the official currency of the Eurozone, a monetary union consisting of 23 European Union countries.
It was originally used as an accounting currency in 1999 and it was established as the official currency of the European Union in 2002 when physical coins and banknotes entered into circulation.
It is the second most traded currency in the world, and it serves as an international reserve currency.
Monetary policy decisions by the ECB, the Eurozone GDP, the balance of payments, CPI and the political situation of the member countries comprise some of the factors that can affect the price of the euro.
Please check Traders Trust official website or contact the customer support with regard to the latest information and more accurate details.
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