CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Gold Gram/Turkish Lira (GAU/TRY)

Gold Gram (GAU) to Turkish Lira (TRY) exchange rate

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Precious Metal CFDSubtype: Metal
Currency: Turkish Lira (TRY)
Trading Hours: According to marketMeasurement Unit: Gram
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Description:

Gold is a very well-known soft metal that's listed worldwide on many exchanges – valued in terms of the Turkish lira (TRY). For hundreds of years, gold has been thought of as a primary medium for exchange and it remains a significant world currency. Another positive attribute is the metal’s high market liquidity, which permits traders to buy and sell contracts each quickly.The method of determining the price of gold involves estimation of gold extraction, production and existing billions across the world, at the same time considering the effects of economic and political events, general speculations and market behavior, likewise the price of alternative currencies and commodities. Gold’s spot prices are calculated and known every few seconds throughout market hours.

Interesting Facts:

  • Gold is one of the best anti-inflationary tools against currency depreciation because any government or international authority does not control it.
  • Because they have significantly different time zones, gold futures and options are virtually available around-the-clock.
  • China and South Africa lead the world’s production of gold, accounting for approximately 15% of the global annual gold output. Argentina, Russia, Canada and the USA are the other major gold producers.