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- Spreads from 22 cents
- Trade from 0.01 lots
- Available on a range of trading platforms
- Open for trading 23 hours a day
- Most orders executed <13ms
- No commission on FxPro or Metatrader accounts
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What is a
GOLD
CFD?
A CFD means you are not physically purchasing Gold, but are speculating on the underlying asset's price movements.
The benefit of trading a GOLD CFD (Contract for difference) is that it enables you to trade either Long (Buy) or Short (Sell), so you can speculate on the price movement in either direction.
What factors affect the price of Gold?
Geopolitics & Economic instability
Gold prices are influenced by economic and geopolitical issues, such as both military and trade wars, Brexit issues etc., as market instability causes investors to flee to protective assets such as Gold.
Central Bank Decisions
When governments provide financial support to the economy, it means more money supply and a higher level of public debt to GDP. This is negative for the currency but is favourable for Gold, which is used as protection against capital depreciation.
USD correlation
Gold is also negatively correlated with the US Dollar, as it is priced in default in USD. So typically, when the USD strengthens, the price of Gold falls and vice versa.
Gold as a safe haven
Gold is typically considered a safe haven as it is a physical commodity not impacted by interest rates and is often used by traders as a hedge against market volatility and as protection against capital depreciation. Historically, Gold tends to maintain its price or increase in value during periods of market turbulence, when most other instruments decline in value, as investors flee to safer assets. This in turn, can push up the price as demand increases.
Unlike fiat currencies which have an endless supply thanks to printing by central banks, physical Gold has a limited supply and multiple uses, making it a valuable commodity.
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Benefit from ultra-fast order execution with most orders executed in under 13 ms.