expand/collapse risk warning

Trading financial products on margin carries a high risk and is not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

Loading...

Gold Price (XAUUSD): Live Price Chart

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

Low: [[ data.low ]]

High: [[ data.high ]]

Gold Price Overview

History of Gold

Gold Trading Explained

Gold Price Overview

History of Gold

Gold Trading Explained

Gold has long been treasured as a valuable asset and an important commodity, with its price closely monitored in global financial markets. Typically denominated in US Dollars (XAU/USD), the price of gold often rises when stocks and bonds falter, underlining its reputation as a dependable safe-haven asset.

Gold is primarily considered an investment and hedge against economic uncertainty. Its price sees significant fluctuations based on global economic conditions, central bank policies, and market sentiment.

Its enduring appeal is tied to its intrinsic value and its historical role as a store of wealth, which continues to influence economic and trade policies around the world.

Gold has played a central role in the economic and financial history of the world, serving as the backbone for the gold standard, a system where a country's currency value was directly linked to gold. This system allowed for fixed exchange rates between countries, promoting stability in international finance.

The United States dollar, initially backed by both gold and silver under a bimetallism system, eventually moved to a gold standard with the Specie Payment Resumption Act of 1875, solidifying its strength as a reserve currency.

The history of the United States dollar reflects its evolution from reliance on precious metals to being a benchmark fiat money—a currency without intrinsic value but established as money by government regulation. This shift was marked by the Nixon shock in 1971, where President Nixon halted the direct convertibility of the United States dollar into gold, leading to the transition from a fixed exchange rate system to one determined by market forces.

The Bretton Woods system, established post-World War II, utilised a gold standard to create stability until it was replaced by the current system where the U.S. dollar serves as the world's primary reserve currency, influencing monetary policy and international finance. The earlier silver standard and other systems like the "snake in the tunnel" were attempts to manage currency values before the predominance of fiat money in global finance.

Gold can be traded in various forms, including physical bars and coins, gold certificates, futures contracts, options, exchange-traded funds (ETFs), and mining company stocks. Each form offers different advantages and levels of exposure to the gold market. For instance, physical gold is a tangible asset, while futures and options offer leverage and the ability to speculate on future price movements without holding the metal.

Gold trading offers a fascinating way to engage with global markets, appealing to a broad spectrum of investors due to its inherent value and historical significance as a financial asset. Whether through physical holdings or various financial instruments gold trading can be a strategic part of an investment portfolio.

Online trading platforms, such as Skilling, have revolutionised access to gold markets, allowing traders to buy and sell gold through various financial instruments from anywhere in the world. These platforms often provide tools for analysis, real-time prices, and trading strategies.

Loading
Swap long [[ data.swapLong ]] points
Swap short [[ data.swapShort ]] points
Spread min [[ data.stats.minSpread ]]
Spread avg [[ data.stats.avgSpread ]]
Min contract size [[ data.minVolume ]]
Min step size [[ data.stepVolume ]]
Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

Trade [[data.name]] with Skilling

Take a view on the commodity sector! Diversify with a single position.

  • Trade 24/5
  • Tight spreads
  • Average Execution at 5ms
  • Easy to use platform
Sign up

FAQs

What are the differences between gold and silver?

+ -

Gold and silver are two of the world's most traded metals, but understanding their differences is a complex and ever-evolving task. Gold is often seen as a safe investment, since its value usually remains high even when other markets fluctuate. Conversely, silver can be more volatile due to its many industrial uses, so trading in it with CFDs carries more risk than investing in gold.

Nevertheless, some precious metal traders still find advantages to trading in silver over gold: the demand for industrial silver can lead to prices fluctuating which presents opportunities for savvy investors. Ultimately, differences between gold and silver depend largely on their respective market conditions; whilst one might gain at once time, the other could gain significantly at another.

How much gold is there available?

+ -

When it comes to gold resources, the amount available in the world today can vary widely. Estimates range from 165,000 tons to over 2 million tons, accounting for gold that is both accessible and inaccessible. What is certain is that gold continues to be a valuable asset and its worth fluctuates with market forces. Mining and gold prospecting remain very lucrative endeavors as a result of gold's inherent value.

In fact, gold has been used since ancient times as currency and still holds some significance in modern economies with countries like China leading the charge. Though gold may not be mined and traded as much as other commodities like oil or wheat, what gold there is available remains significant both economically and culturally worldwide.

How to trade gold?

+ -

Those wanting to trade gold have a few options; you could buy physical gold such as coins and bars, use futures and options, or opt for trading Contracts For Differences (CFDs). CFDs are essentially an agreement between two parties which stipulate how much money will be exchanged depending on how the price of an asset (in this case gold) changes.

By using CFDs when trading gold, you’ll benefit from the ability to leverage your position – meaning that you can open a larger position than with just your capital alone - but it’s worth noting that the higher risk associated requires careful consideration. That said, trading gold can be a great way to gain exposure to both upside potential and downside risk of owning physical gold at a fraction of the cost.

Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without the restrictions that come with owning the underlying asset.

CFD
Actual Commodities
chart-long.svg

Capitalise on rising prices (go long)

green-check-ico.svg
green-check-ico.svg
chart-short.svg

Capitalise on falling prices (go short)

green-check-ico.svg
leverage-ico.svg

Trade with leverage

green-check-ico.svg
trade-ico.svg

Trade on volatility

green-check-ico.svg
commissions-ico.svg

No commissions
Just low spreads

green-check-ico.svg
risk-ico.svg

Manage risk with in-platform tools
Ability to set take profit and stop loss levels

green-check-ico.svg