The world of precious metals usually points all its energies to gold and silver, this leaves room for useful metals such as copper to gain ground. This is present in Latin America, especially in Chile, but it is necessary to be aware of all the rates in that region to make an accurate investment.
Copper is one of the most widely used metals worldwide. Experts know its value very well and to get ahead of the market it is necessary to maintain a permanent study of its changes, those of the past and present.
If you spend your entire day investing in metals, you’ll likely need hourly rates of any metal, not just copper. There are APIs such as Metals-API, which has changed per hour and minute of copper at any type of rate.
While the relationship between rates and metal is usually difficult to follow, Metals-API has a very comfortable and direct interface.
If one source is unable to provide a trustworthy quote for this currency pair the next highest provider is contacted. This avoids inconsistencies and delivers accurate spot conversion rates to six decimal places for the great majority of currencies.
This system uses a unique “validation and fallback”. A technique that assigns different priorities to each data source and validates each metal/forex rate as it enters our databases to achieve the highest level of data coverage and consistency.
In this age of immediacy, knowing the changes each hour may not be enough to maximize your profits. The ideal method is to use a program like Metals-API, which allows you to track currency movements minute by minute.
Metals-API.com offers a live precious metals market data API with a 2 decimal point resolution and a 60-second refresh rate.
Also published on Medium.