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How to Successfully Trade Gold Intraday; Or What is Option Trading?
Gold is an element of a side subgroup of the first group, sixth period of the periodic table of elements of D. Mendeleev. It has the atomic number of 79 and atomic mass of 196.96654 Da (gram/mole). It is described by symbol Au (from Latin Aurum). Chemically, gold is a simple substance made up exclusively of atoms of one element. It has its own identification or CAS number from the viewpoint of chemistry - 7440-57-5. In turn, CAS number is a unique numeric identifier of chemical compounds, polymers, biological sequences of nucleotides or amino acids, mixes and alloys entered in the register of Chemical Abstracts Service. On the other hand, gold is a precious metal because, like silver and platinum, it is not exposed to corrosion and oxidation. Such metals also include five other members of the platinum group - ruthenium, rhodium, palladium, osmium, iridium. Gold has another name, the ‘yellow metal’ because its spectral composition has the wave length from 565 to 590 nm (nm = nanometer, or 0.000000001 meter).