Commodities on Deriv Explained: Metals and Oil
Commodities are basic raw materials such as gold and oil. On Deriv you predict how their prices move, without ever owning the physical goods.
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What Deriv offers for options
For options, Deriv Trader lists these commodities:
| Category | Instruments |
|---|---|
| Metals | Gold/USD, Silver/USD, Palladium/USD, Platinum/USD |
| Energy | Oil/USD |
Commodities available for options on Deriv Trader. Deriv also has a Commodities Basket (Gold Basket) index. Check the app's symbol list for what is available to you.
Other commodities, such as natural gas, Brent crude, copper and soft commodities like coffee and cocoa, are offered by Deriv only as CFDs on other platforms, not as options.
What moves the prices
- Gold: inflation, supply and demand, the US dollar and geopolitical events.
- Oil: supply shocks, such as unrest or war in a major oil-producing country.
Prices follow real-world events, so they can jump on news. That is very different from simulated markets such as Volatility Indices.
Before you automate
- Understand why the asset moves. An assistant cannot read the news for you.
- Use a stop loss in case of sudden moves.
- Practise on a demo account and review results in Trade analytics.
Practise on a Deriv demo account before you use real money.
Get StartedFrequently asked questions
- Do I own the gold or oil I trade?
- No. You trade contracts that track price movements and are cash settled, so you never receive the physical commodity.
- Which commodities can I trade as options?
- Deriv Trader lists Gold/USD, Silver/USD, Palladium/USD, Platinum/USD and Oil/USD for options.
Keep reading
- ForexForex is the exchange of one currency for another. You trade a currency pair, predicting whether one currency will rise or fall against the other.
- Stock indicesA stock index tracks the performance of a group of companies. Trading an index lets you predict how a whole market or sector moves, without owning shares.
- CryptocurrenciesCryptocurrencies are digital assets, and their prices move around the clock. On Deriv Trader you can trade BTC/USD and ETH/USD price moves with Multipliers, without holding the coins.
Sources
Risk warning: Trading binary options involves a high level of risk and you could lose your entire stake. Only trade with money you can afford to lose. This page is educational and is not financial advice.