Gold (USD)

CFD on the spot price of gold (USD).

 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 CFD Market: Global
Currency: USD Measurement Unit: Troy Ounce
Full trading conditions >>

Description:

Gold is an extremely popular soft metal that is traded worldwide on various exchanges – valued in terms of United States dollar (USD). For centuries, gold has been considered a primary medium for exchange and it remains a leading global currency (1 troy ounce of gold is represented as XAU).  One of the unique advantages of gold CFDs is that they can be traded 23 hours a day, almost every day of the year. Another important advantage is the metal’s high market liquidity, which allows traders to buy and sell contracts both quickly and easily. The process of determining the spot price of gold involves an estimation of gold extraction, production and existing bullions across the globe, while taking into consideration effects of economic and political events, general speculations and market behaviour, as well as the value of other currencies and commodities. Gold’s spot prices are calculated and published every few seconds during market hours.

Interesting Facts:

  • Gold is the ultimate long-term store of value. Investing in the precious metal offers an effective anti-inflationary tool against currency depreciation as it is not controlled by any specific government or international authority.
  • The primary exchange markets for trading gold are New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM). As the two have substantially different time zones, gold futures and options are unequivocally available around-the-clock.
  • China and South Africa are the world’s top producers of gold. Together, they account for approximately 15% of the global annual gold output. Other leading producing countries include Argentina, Russia, Canada and USA.

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