Are you terribly worried about the current situation in the world? Do you need to find the futures market prices of different precious metals? The time has come to put an end to your search thanks to this impressive API, a very famous precious metals API.
Precious metals are those metals whose own characteristics make them scarcer than others, therefore, they have a higher value compared to noble metals. There is a theory that helps explain the origin of precious metals on earth, which states that meteorites were responsible for introducing these chemical elements to the planet, through the constant bombardment that our planet earth faced last. Precious metals are considered very exclusive metals because they are not available in large quantities on earth and are highly sought after in the chemical and industrial fields as they do not have high levels of reactivity, which gives them a wide variety of uses.
Clearly, the jewelry industry is one of the most demanding of precious metals. This is because the goods made with these are highly demanded by consumers giving the pieces a factor of exclusivity. Another industrial sector that uses these metals is electronics. This industry uses some noble metals such as silver or gold to manufacture its artifacts, since the qualities they present to allow it to improve the operation or simply make it possible. For example, mobile phone chips, contain small amounts of gold.
However, precious metals are highly volatile products. Gold is a clear example, from reaching its historical highs to falling more than 20% in just 4 months. Therefore, it is best to use the futures market, which will allow you to obtain better prices than the spot market. And for that, what better than to use Metals-API!
Why Metals-API?
As its name suggests, Metals-API is an API (Application Programming Interfaces) and its goal is to make it easier for two separate software components to share information. This will make future prices visible to traders, investors, and anybody else interested in buying, selling, or exchanging precious metals. Everything is included, whether it be gold, silver, rhodium, platinum, or palladium. Regarding the information sources, they include esteemed organizations like the London Metal Exchange or the LMBA.
How is Metals-API used? We suggest reading this page to get futures rates for precious metals:
1. To begin, go to www.metals-API.com and click “obtain API key” in the upper right page. There, click.
2. Next, you can choose to sign up and select a plan on the main screen. There are seven plans in total (one of them is a no-cost plan and the rest are paid). If you select a paid plan, we advise that you thoroughly examine the details of each one to determine which is best for you.
3. Next, choose your preferred precious metal and the legal tender of your country.
4. Make the API call once you have finished the previous steps.
5. JSON, PHP, C Language, and Python are your options for programming languages.
Remember that if you have any questions, contact the Metals-API customer service, via mail, by phone or by virtual chat.