Gold among other precious metals are the most popular as an asset among investors and traders globally. Investors and traders of Gold generally buy the commodity as a way of diversifying risk, especially through the use of futures contracts and derivatives. Compared to other precious metals used for investment and trading like Silver and Platinum, Gold has the most effective safe haven and hedging properties. As a precious metal Gold can be used as a hedge against inflation, deflation, currency devaluation and economic or socio & political uncertainty. Gold is also often viewed as a Hard-Currency or substitute for currencies globally, since Gold trades mainly in U.S dollars it has high sensitivity to global and U.S economic development. Derivatives, such as gold forwards, futures and options, currently trade on various exchanges around the world and over-the-counter (OTC) directly in the private market. In the U.S., gold futures are primarily traded on the CME (COMEX) and Euronext-Liffe.