Instrument description

The symbol of wealth and prosperity, gold has long been revered as the most precious and rare metal on this planet. Used as currency throughout history, the US put the dollar on the gold and silver standard in 1792. In 1971, the gold standard was removed, and this fundamental economic shift had a tremendous global impact on prices. By 1980, the value of the precious metal had soared from a low of $35 per ounce to a record high of $850, or almost $2,400 when adjusted for inflation. Gold is often seen as a safe haven investment during times of economic instability or as a hedge against inflation. View the latest price movements as well as breaking news and analysis on this popular commodity.

How to trade GOLD

Trading gold is easy with us. Let’s say for instance that you believe the value of gold will increase in the short term, due to the precious metal being a safe haven in times of market uncertainty. So you buy (go long) on gold.

You buy gold at 1130.0 in the expectation that prices will rise. 
  • A WINNING TRADE
  • "Buy" GOLD at $1130.00
  • Trade size: 1 lots*
  • Position value: $113,000
  • GOLD rallies to $1140.00 (+1000 pips)
  • New position value: $114,000
  • Result: you make a profit of $1,000 ($113,000 - $114,000)
*1 lot is equal to $1 per cent move
  • A LOSING TRADE
  • "Buy" GOLD at $1130.00
  • Trade size: 1 lots*
  • Position value: $113,000
  • GOLD falls to $1120.00 (-1000 pips)
  • New position value: $112,000
  • Result: you make a loss of $1,000 ($112,000 - $113,000)
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This example does not include any additional fees that may be applicable. For more information, please see our instrument specification page.

Market sentiment

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Instrument specification

Nominal Value of one Lot
Instrument level * USD 100
Size of one PIP
1
Minimum Quotation in Step (in points)
0.01
Minimum/Maximum Order Size in Lots
0.01 max 15
Minimum Transaction Step in Lots
0.01
Trading Hours
0:00 am - 11:00 pm

Trading CFDs on a leveraged basis involves significant risk of loss to your capital. They may not be suitable for everyone, so please ensure you fully understand all of the risks.

Trading CFDs on a leveraged basis involves significant risk of loss to your capital. Please ensure you fully understand all of the risks.

Trading CFDs involves significant risk of loss to your capital