> ## Documentation Index
> Fetch the complete documentation index at: https://docs.gains.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Commodities

> Leverage trading on commodity prices.

### Introduction

Gains currently offers trading on 5 active commodities. XAU/USD (Gold), XAG/USD (Silver), and HG/USD (Copper) have leverage ranges of 2x-250x. WTI/USD (Crude Oil) and XPT/USD (Platinum) have leverage ranges of 2x-150x.

See the [Pair List](/gtrade-leveraged-trading/pair-list) for the full list of available pairs.

### Market Times

Just like forex markets, the commodities market is not always open. Times are referenced in ET (New York time).

| Day of the week | Market open / close               |
| --------------- | --------------------------------- |
| Monday          | Open apart from 5:00 PM - 6:10 PM |
| Tuesday         | Open apart from 5:00 PM - 6:10 PM |
| Wednesday       | Open apart from 5:00 PM - 6:10 PM |
| Thursday        | Open apart from 5:00 PM - 6:10 PM |
| Friday          | Open until 5:00 PM                |
| Saturday        | Closed all day                    |
| Sunday          | Open from 6:10 PM                 |

The following **holidays** may close markets or shorten trading sessions. Times are referenced in ET (New York time):

* April 2, 2026: Maundy Thursday (closes early at 1pm)
* April 3, 2026: Good Friday
* May 25, 2026: Memorial Day
* June 19, 2026: Juneteenth National Independence Day
* July 2, 2026: Day Before Independence Day (closes early at 1pm)
* July 3, 2026: Independence Day
* September 7, 2026: Labor Day
* November 26, 2026: Thanksgiving Day
* November 27, 2026: Black Friday (closes early at 1pm)
* December 24, 2026: Christmas Eve (closes early at 12:45pm)
* December 25, 2026: Christmas Day
* December 31, 2026: New Year's Eve (closes early at 4pm)
* January 1, 2027: New Year's Day
* January 18, 2027: Martin Luther King, Jr. Day (closes at 1pm, reopens at 6pm)
* February 15, 2027: Presidents' Day (closes at 2:30pm, reopens at 6pm)
* March 26, 2027: Good Friday
* May 31, 2027: Memorial Day

### Gaps

Commodity prices can change while markets are closed, creating gaps where the market opens at a different price than the previous close.

Because of this, stop losses are not guaranteed for commodities. Positions held while markets are closed can be liquidated by a gap against the position, or can reopen with more profit than expected if the gap moves in your favor. Consider this risk when using high leverage.

### Reduced Leverage/Increased Spread

The max leverage is temporarily reduced and spread is temporarily increased during:

* **Major USD news events**, from 3 hours before to 10 minutes after the event.
* **Market closing**, usually starting 1 hour before the market closes. For tier 2 commodities on Fridays, this can start up to 6 hours before the weekly close.