|Symbol||Product Description||Product Type|
|XAUUSD||Gold vs US Dollar||Metals|
|XAUAUD||Gold vs Australian Dollar||Metals|
|XAGUSD||Silver vs US Dollar||Metals|
|XAGAUD||Silver vs Australian Dollar||Metals|
Manufacturers use these metals to make electronic components, jewelry, dental equipment and catalytic converters among other things. Investors, on the other hand, collect coins and bars made out of precious metals.
Gold is the main precious metal utilized by speculators as an investment vehicle. Although manufacturers use the metal in some electronics parts, the vast majority of gold demand derives from jewelry manufacturers and traders. Many consumers see gold jewelry as a form of investment.
Manufacturers also use silver in both electronics and jewelry, while traders collect the metal in the form of coins or bars. Silver has historically traded at a fraction of the price of gold. Some traders track and trade the spread between gold and silver prices.
Part of a group of six metals known as platinum group metals (PGMs), platinum is used to make jewelry and catalytic converters for cars. Investors purchase platinum for many of the same reasons they buy gold and silver. See our Platinum Guide for more information.