Do you want to obtain multiple precious metals market data in seconds? If the answer is yes, then you should use an API.
The precious metals market is a global industry that trades in gold, silver, platinum, and many other precious metals. The market are valued at $1.3 trillion and are traded on commodity exchanges around the world.
The precious metals market is used by many investors as a way to diversify their portfolios; and protect themselves against inflation. It can also be used to hedge against currency risk. Most of the time; for example, investors buy gold or silver because they expect the price to go up over time.
So, if you are thinking about buying precious metals; you will want to know what investments are available to you. Also, you would want to know how much each one costs in order to make an informed decision about which investment suits your needs best. All this data is hard to come by if you search for it manually. Lucky for you, there is a way to access to it in seconds, and it is through and API.
Use An API To Access Multiple Precious Metals Market Data
API is an abbreviation for Application Programming Interface, which allows software programs to communicate with a software platform. Through this interface, the software platform is able to exchange data and functionality with other apps. As a result, a metal prices API will allow you to access to multiple precious metal data retrieved from a variety of trustworthy sources.
Although utilizing an API for precious metals is the best approach to receive accurate and trustworthy information, not all of the APIs that are throughout the Internet perform properly. When selecting an API, you have to make sure it is safe to use and trustworthy. As a result, if you are currently looking for one, we propose that you utilize Metals-API; as it is one of the most effective and secure API available.
Metals-API is a online service that fetches current and historical precious metals rates; from a variety of reliable sources, including financial institutions and international banks. Hence, you may request any type of precious metal data, and Metals-API will send it to you in simple JSON format.
How To Obtain Different Precious Metal Data With This API
1. Obtain a personal API key by signing up at Metals-API.
2. Once you’ve created an account, look for both the currency sign and the metal symbol you are most interested in (for example, it can be Gold, Silver, Platinum, Palladium, etc.)
3. Before concluding the API call, use these symbols to add metal and currency to the list. In addition, both: the programming language and the price range can be specified at this stage.
4.Finally, click run and wait a few moments. Metals-API send the requested data to you in a matter of seconds! For more information about how this API works, read it documentation at Metals-API website.
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Also published on Medium.