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Discover the importance of the popular precious metal as a financial asset, and get tips on how to trade gold with IG.
Why is trading gold popular?
Gold has been the most highly desired of the world’s precious metals since ancient times, coveted for both its cultural and financial value.
It was integral to valuation of the world’s currencies well into the 20 th century, intrinsically linked to the price of the US dollar until the 1970s.
IG even took its original name – Investors’ Gold – from the metal, when in 1974 it was launched to offer clients the opportunity to trade gold on leverage rather than owning it outright. Trading gold is often popular as a form of insurance, as the metal is considered a safe haven in times of financial turbulence.