Full trading conditions >>
|Product Type: Precious Metal CFD||Subtype: Metal|
|Trading Hours: According to market||Measurement Unit: Troy Oz|
Gold is a prevalent soft metal that is traded worldwide on various exchanges – valued in terms of British Pound (GBP). 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 significant benefit 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 estimation of gold extraction, production and existing billions across the globe while taking into consideration the effects of economic and political events, general speculations and market behavior, as well as the value of other currencies and commodities. Gold’s spot prices are calculated and published every few seconds during market hours.