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Trading Gold

Gold has often been used by many experienced traders as a hedge versus various market conditions. Gold can often be considered a "risk off" contrarian investment; when traditional equity markets fall, gold can rise. If the SPX, DJIA or FTSE 100 falls, then gold may rise as traders and investors seek out what is often termed "safe havens". Moreover, experienced traders often choose gold as a hedge to many of the positions they take in the market place. For example, if traders are short certain currency pairs, there may be a correlation and logical reason for being long gold. Similarly, if Brent or WTI oil rises on the market, then gold can often fall.

As with trading currencies FXCC provides: competitive spreads, fast execution and advanced trading tools, in order to trade gold efficiently. Traders can experience trading this commodity by initially applying for a free practice account today

The benefits of trading gold through FXCC1

  • Low spreads through our ECN liquidity pool.
  • Direct market execution though our STP model.
  • Low commissions.
  • No extra fees.
  • Hedging and EAs allowed.
Gold Trading

Contract specifications

Description Spot Gold
Symbol on Platform XAUUSD
Digits 2
Margin Percentage 1
Tick size 0.01
1 Lot size 100 Oz.
Tick value of 1 lot $1.0
Minimum trade size 0.1 lots
Minimum size increment 0.1 lots
Minimum limit & stop level 0.1 pips
Execution mode Market
Spread Variable 1
Swaps Available here
Commission $15.0 per lot
Margin requirement Trade size (lots) x contract size x market price x percentage / 100
Daily Working hours 01:05-23:55*2
Monday - Friday

1 Click here for General Risk Disclosure.

2 * Server time is adjusted according to Cyprus local time. During the Day Light Saving Time our operation and server time
are adjusted according to the New York time (EST).

Gold trade example:

Long position
Open Price = 1370.00
Closing Price = 1390.50
Trade size = 1 lot (100 ounces)

Required Margin to open 1 lot (100 ounces) of Gold = 1 x 100 x 1370.00 x 1/100 =$1370

Profit/Loss Calculation

The Buy position (1 lot) was closed (sold) at 1390.50 from a 1370.00 open.
Market movement = 1390.50 - 1370.00 = 2050 ticks.
P&L Calculation = $1 x 2050 = $2050

With your account being setup, you have access to a wide range of valuable information about the forces affecting the Gold market price, via our Trading Blog.

RISK WARNING: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.

RISK WARNING: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves substantial risk of loss. It is possible to lose all the initial capital invested. Therefore, Forex and CFDs may not be suitable for all investors. Only invest with money you can afford to lose. So please ensure that you fully understand the risks involved. Seek independent advice if necessary.

FXCC does not provide services for United States residents and/or citizens.

FX Central Clearing Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under CIF Licence Number 121/10 and operates under the EU Markets in Financial Instruments Directive (MiFID). FX Central Clearing is on the FSA(UK) Register (Reference Number 549790) and EEA Authorised.

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