Important note: many brokers will close or turn off their servers for one minute at the end of the day. Unlike individual stock markets that are only available to trade during their set sessions, the Gold market is open all week. Keep in mind unlike a currency where more and more can just be printed, there is a set amount of Gold and it cannot be recreated.Ī very large reason that retail traders and speculators love trading the Gold market is because it is open 24 hours a day and five days a week. This is important to keep in mind because what the USD is doing will play a large role in how Gold is behaving and trading.īecause Gold is seen as a safe haven market because it is a physical product with a limited supply, traders and investors will always flock to it when others markets are becoming risky. This makes it a more standard price around the world. Whilst Gold can be traded in other currencies, it is normally traded against the USD.
For example if you trade a CFD on Gold, you are not buying a Gold bar, but trading on whether the price of Gold will go higher or lower. This contract is a speculation on whether the price will go higher or lower on the underlying asset. With CFD’s you are not buying the physical asset, but instead you are purchasing a contract. Instead of physically buying Gold bars, most investors and traders are using contracts such as CFD’s. Most of the Gold trading is done in a similar method to how Forex is traded.
Whilst one of the most common methods is using CFD’s, you can also physically buy Gold bars, trade options and also use futures contracts.
There are multiple ways you can trade and invest in Gold. When everything else like the USD or stock markets are going through extremes, traders have often flocked to the Gold market which has seen it’s price increase.įor this reason Gold can tend to go on long sweeping trends higher that can last from weeks to months on end. Over the years Gold has been considered a safe haven market. Gold is a very distinctive market and has some individual traits unlike other markets.
0 kommentar(er)
