Trading Gold CFDs

GO Markets gives you access via its MT4 and MT5 Platforms to trade Gold CFDs without the need to buy the physical metal.

Gold trading can play a fundamental role in an investment portfolio and is the most popular choice for traders among all precious metals. While there are different ways of getting access to the gold market, Gold CFDs are amongst the most commonly traded and hence one of the most liquid commodities you can trade.

Benefits of trading Gold with Go Markets

We’re dedicated to making your trading experience fast and satisfying, offering powerful platforms as well as education and complimentary trading tools.

Trade Long and Short – You can easily trade long or short positions when you trade metals since you are only trading the price movements. This process allows one to trade and benefit when the markets are down.
Trade with Leverage – Gold CFD are traded on margin, so you can choose the leverage that suits you up to a maximum of 30:1*. This will allow a trader to open a much larger position with minimum investment.
Trade on Powerful MT4 and MT5 Platforms – GO Markets offers both the powerful MetaTrader 4 and MetaTrader 5 as desktop and mobile trading platform options for traders to utilise. We provide these widely regarded platforms due to the efficient and high-quality trading opportunities they offer to traders at all levels.
Lower Trading Cost –Trading Metals attract a much lower cost compared to other instruments, keeping your commodity trading costs down
Trading Tools – Take advantage of our wide range of premium trading tools and get an edge in the markets. Traders get exclusive access to this great collection of signals and plugins.

GO Markets provide new and experienced traders with access to educational resources, powerful programs and round-the-clock support. Whether you’re just starting out with trading metals or looking for a new platform to improve your strategy, GO Markets is the first choice when it comes to Gold trading.

Trading Gold CFDs

Gold is a popular commodity that is traded on financial markets around the world. Gold is often considered a safe-haven asset, as it is perceived as a store of value and is less volatile than other financial instruments. One way to trade gold is through Gold Contracts for Difference (CFDs).

A Gold CFD is a contract between the buyer and the seller, that allows them to speculate on the price movement, without actually owning the physical gold itself. When trading Gold CFDs, the buyer is essentially speculating on the price movement of gold, while the seller is betting against this price movement.

One of the main advantages of trading Gold CFDs is the ability to take both long and short positions. This means traders can profit from both rising and falling markets, and can use strategies such as hedging to reduce their risk exposure. CFDs also allow for leverage, which means traders can open larger positions with smaller amounts of capital, potentially magnifying their gains (and losses).

When trading Gold CFDs, traders must be aware of the costs involved. This includes the spread (the difference between the buy and sell price), overnight financing charges (if the position is held overnight), and any other fees charged by the broker. Traders should also consider the potential risks involved, such as the impact of unexpected news events on the gold price, which can cause sudden price movements.

Before trading Gold CFDs, traders should conduct thorough research on the gold market and economic conditions, and develop a trading plan with clear entry and exit points. It is also important to practise risk management techniques, such as setting stop loss orders to limit potential losses.

Gold CFDs are influenced by a variety of factors, including (but not limited to) economic data, geopolitical events, and global financial trends. In particular, changes in interest rates and inflation can have a significant impact on the price of gold.

In addition, gold prices can also be influenced by the supply and demand dynamics of the gold market. This includes factors such as the level of gold production, the level of gold reserves held by central banks, and the level of gold demand from sectors such as jewellery and technology.

GO Markets now offers $0 commission on Gold trades!

With tight spreads, zero commission and award winning customer service, GO for GOLD with GO Markets.

Start trading Gold as CFD with GO Markets

1. Confirm your identity

In just minutes we can verify your identity and create your account.

2. Fund account

Deposit via debit card or bank transfer to start trading

3. Place your trade

Take a position in your choice of instrument.

Try free demo Open live account

Why trade Gold?

The most common reasons why traders get involved in this market are:

Safe-haven Asset: Gold has historically maintained its value over time. In times of economic and political uncertainties or turmoil, gold is expected to retain or increase its value as it is generally not at risk of becoming worthless.
Gold as a Hedge: The precious metal acts as a hedge in many different situations. It is a source of protection traders use to hedge against the decline of a currency, usually the US dollar and rising inflation. When investors realise their money is losing value, they seek assets that have traditionally maintained its value
The Right kind of diversification: Gold has proven to have a low correlation with other asset classes which makes gold a good diversifier. For example, gold prices tend to negatively correlate with the stock market.
Investment: Precious metals are not infinite and supply constraints will eventually push prices up. Traders want to profit from increases in the price of gold.

Key factors influencing trading Gold CFDs

There are a number of drivers that tend to influence the short, medium and long-term price dynamics of gold. We have grouped the key factors into main themes:

Demand and Supply: Demand and supply play a major role in the pricing of gold just like any other product or service.Gold has diverse uses and is often influenced by a range of national socio-cultural factors, local market conditions and wider macro-economic drivers. While money can be printed, the supply of gold is constrained and cannot be created at will.
Economic Indicators: Due to the physical limitations of mining gold, global supply remains relatively stable. Therefore, demand has a much larger impact on gold prices than supply. Consumption demand is heavily driven by the state of the global economy which can be assessed through a set of macroeconomic and financial variables such as inflation, interest rates, income growth, consumer confidence among others.
Currencies Fluctuations: Gold is seen as a secure way to keep assets intact when the future of a currency seems uncertain. Currency movements have an important role to play. For example, since the price of gold is dollar-denominated, a falling or strengthening US dollar will impact the price of gold.
Central Banks: Over the past decade, we have seen a fundamental shift of central banks’ behaviour with respect to gold. Since the financial crisis, central banks have either ceased selling or have increased their official gold buying. Bank failures and unconventional economic policies have also increased demand for gold.
Geopolitical Risks: Geopolitics play a crucial role in determining the price of gold. In times of uncertainties and turmoil, gold usually does well as it is viewed as a safe-haven asset.

Gold trading with GO Markets

Below are the Gold trading details on our MetaTrader 4 trading platform:

Instrument	Symbol	Spread	Lot Size	Trading Hours (Platform time)
Spot Gold	XAU/USD	Variable	100oz	01:01-23:59

More than just Metals

Diversify your portfolio with the wide range of CFDs from GO Markets. Trade Forex, Indices, Shares, oil, and much more. Follow the links below to learn more about our other products.

Ready to start trading? Open an account or try our Free Demo