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Gold (USD)

CFD on the spot price of gold (GOLD).

 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: Metal CFDMarket: Global
Currency: USDMeasurement Unit: Troy Ounce
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Description:

Gold is a precious metal used for investment, to produce jewelry and to manufacture electronic devices and medical devices. It is traded on numerous exchanges worldwide. Gold is considered a primary medium of exchange. As a commodity, there are a number of factors that drive gold prices including the value of the dollar, central bank reserves, interest rates, worldwide jewelry and industrial demand and geopolitical issues. Gold and the dollar tend to have an inverse relationship in terms of price, generally speaking; when the dollar rises in value, gold tends to decline in value. However, this is not always the case. 1 troy ounce of gold is represented as XAU. Gold spot prices are calculated and published every few seconds during market hours.

Interesting Facts:

  • Gold is traded as GC on the Chicago Mercantile Exchange.
  • China is now the biggest producer of the precious metal, producing 355,000 kilograms per year. Australia and the United States are the second and third largest producers.
  • In January 2018, Gold prices traded close to highs not seen since 2016.
 
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