PXBT: Top Metals to invest in right now

As we progress through 2024, the metals market continues to offer numerous opportunities for investors and traders. With increasing demand driven by technological advancements, infrastructure projects, and the shift towards renewable energy, certain metals are currently demonstrating strong performance.

PXBT, a regulated Forex and CFD broker, highlights the top metals that are currently worth exploring.

Gold

Gold continues to perform well and remains a perennial favourite among investors, especially during times of economic uncertainty. Its role as a safe-haven asset is well-established, providing a hedge against inflation and currency fluctuations.

In July 2024, gold's appeal was further bolstered by ongoing geopolitical tensions and economic policy shifts in major economies. Central banks continue to hold substantial reserves in gold, reinforcing its value and stability. For investors, gold offers both short-term trading opportunities and long-term security.

Silver

Silver is another precious metal that deserves attention. It is not only valued for its monetary worth but also its industrial applications. The demand for silver is driven by its use in electronics, solar panels, and medical devices.

The push towards renewable energy and technological advancements is expected to increase silver's industrial demand. Additionally, silver often follows gold's market trends but with more pronounced price movements, making it an attractive option for traders seeking higher volatility and potential returns.

Aluminium

Aluminium is a versatile metal widely used across various industries, including automotive, aerospace, construction, and packaging. Its lightweight and corrosion-resistant properties make it essential for manufacturing and industrial applications.

The demand for aluminium is expected to rise due to increased infrastructure projects and the growing emphasis on sustainable, energy-efficient materials. Despite its price increases, the current demand from China remains weak. The metal's future performance will depend heavily on economic data and demand recovery. Investing in aluminium offers exposure to a metal that is integral to modern industry and innovation, providing opportunities for growth as global development continues to accelerate.

Copper

Copper is indispensable in the industrial sector, with its extensive use in electrical wiring, plumbing, and telecommunications. The metal's demand is closely tied to economic growth and infrastructure development.

In 2024, copper's outlook is particularly positive due to the global emphasis on renewable energy and electric vehicles, both of which require substantial amounts of copper. Investing in copper can provide exposure to the broader economic trends and industrial advancements shaping the future.

Metals benefits

Renowned for their stability and intrinsic value, metals have long been a cornerstone of diversified portfolios. As an investment and trading asset, metals are often used as a store of wealth, especially during periods of high inflation, since as a tangible asset with a finite supply, they hold their value. Additionally, due to their stable and relatively predictable growth, they are often used in portfolios to balance out higher-risk investments or assets.

Why trade Metals with PXBT?

Trading CFDs on Metals with PXBT offers a comprehensive and secure trading experience. Its powerful MetaTrader 5 (MT5) is known for its advanced charting tools and a variety of order types catering to diverse trading strategies.

PXBT ensures low trading fees, making it a cost-effective choice for investors. As a fully regulated broker, it prioritises security and transparency, providing a trustworthy environment for the trading activities. With PXBT, traders benefit from cutting-edge tools and robust support, empowering them to trade metals with confidence.

Conclusion

In conclusion, the metals market presents different opportunities for investors looking to diversify their portfolios. PXBT is committed to providing a secure, innovative, and supportive trading environment to help traders navigate the metals market.

Learn more about PXBT

Disclaimer: The information provided herein is for informational purposes only and does not constitute personal recommendation and/or investment advice. Past performance is not a reliable indicator of future results. The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be appropriate for every investor. You should carefully assess whether you understand how these leveraged products operate and whether you can tolerate the high risk of losing your money. PXBT Trading Ltd does not serve clients from Restricted Jurisdictions as listed on its website.