[June 29, 2011] IBFX Australia Introduces Gold and Silver Contracts Tweet Jun 29, 2011 (Close-Up Media via COMTEX) -- Forex broker IBFX Australia, a member of the Interbank FX Group of companies, announced the launch of gold and silver CFD contracts through its MetaTrader 4 trading platform. According to a release, IBFX recognized demand for gold and silver and traders can chart and trade these two metals alongside their favorite currencies. "The launch of gold and silver will be spot on in meeting the requirements of our international clients," said Alex Douglas, Managing Director of IBFX Australia. "The addition of gold and silver - coupled with our cutting-edge proprietary trading technology - reflects our commitment to providing the very best online trading experience to retail traders and institutional partners in the market." The recent financial crisis, in conjunction with the advent of online trading, has brought significant volume to the gold market. But even at $1,500 per troy ounce, more and more traders are interested in diversifying some of their portfolios into intrinsic assets. "It's amazing to see the correlation that gold and silver have with some currencies," says Raghee Horner, chief currency analyst for IBFX. "Many don't realise that Australia is the world's third-largest producer of gold, and this production has significant influence on the AUD/USD and NZD/USD. Being able to chart precious metals next to currencies is paramount in my trading." IBFX Australia noted that this new gold and silver offering allows traders to buy or sell up to 200 ounces of gold and 10,000 ounces of silver per transaction. Traders can access these two new contracts through their existing IBFX Australia account. Headquartered in the heart of Sydney, IBFX Australia is a part of the Interbank FX group of companies which is owned by IBFX Holdings LLC and includes: Interbank FX LLC, Interbank FX UK Ltd and IBFX Australia Pty Ltd. More Information: ibfx.comau/Platform/Free-Forex-Demo-Account ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]