BP GLOBAL FINANCE

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Gold、Silver

Precious metal is a commodity which can be bought and sold in spot OTC market. Precious metal refers to the kind of metal with high economic value, and is seen as rare item. Due to its rare properties, it can be used as raw material in the production of many industries. Precious metal includes gold and silver both of which are recognized as items with the highest investment value. It doesn’t take physical delivery in precious metal trading in spot market, the same as in the trading in spot for ex OCT market. The precious metal can be bought and sold in the quotation form of US dollar by means of margin. As always, at economically uncertain times or when global financial markets are turbulent, due to a lack of faith in US dollar, investors will hold precious metals, especially gold, as a strategy to mitigate risks.

List of 2 pairs of precious metal

Currency pair Minimum transaction lots The lowest differential points * Margin requirement Trading time (EST)
XAU/USD 0.01 4.7 10% Monday 07:00-Saturday 06:00,trading halt at 06:00-07:00 on each trading day
XAG/USD 0.01 5.2 10% Monday 07:00-Saturday 06:00,trading halt at 06:00-07:00 on each trading day

* The targeted bid-ask spread may change with the market conditions. BPG reserves the rights to change the targeted bid-ask spread or margin ratio.
* 1 standard lot Gold/USD:100 ounce
* 1 standard lot silver/USD:5,000 ounce
* Minimum transaction volume each time:0.01 lot,namely 1 ounce gold or 50 ounce silver.
* Maximum transaction volume each time:According to the availability of the market, the maximum volume of executable transactions by traders is 50 lots.
* Pip value:1 standard lot Gold/USD,every one point movement in the second decimal place of the quotation is valued at 1 US dollar; 1 standard lot of Silver/USD,every one point movement in the second decimal place of the quotation is valued at 50 US dollars.
Notes:About any change for above content, no further announcement will be made.