Commodities refer to a wide range of precious metals, agricultural products, and energy resources.
Through QNB Invest, investors can trade gold and silver among precious metals. In the energy category, crude oil and Brent oil transactions can be carried out, while copper can also be traded as a CFD (Contract for Difference) instrument.
The most significant advantage of trading commodities in the forex market is the elimination of physical storage costs. For example, it is not possible to buy and physically store crude oil, and holding gold physically can be costly.
Trading gold in the forex market allows investors to achieve the same profit or loss results as holding it physically, without any storage or transportation expenses. Similarly, there are no carrying costs in crude oil, Brent oil, or copper trades. Since these products are traded as CFDs, they have expiry dates but no overnight swap charges are applied.
Commodity prices in the forex market are quoted in real time, 24 hours a day, 5 days a week, in line with international market activity. Among all commodities, gold is the most actively traded. Gold transactions are carried out based on the USD/Ounce price, available 24 hours a day, 5 days a week, except between 00:00 and 01:00 (GMT+3) daily. The spot gold market is the most traded commodity market in the world. Following gold, the most traded commodity is oil, which is traded as both crude oil and Brent oil. Both oil types are traded as CFDs, based on the nearest contract month.
