Gold CFD Trading: Charts and Price 2024

Trading Gold Contracts for Difference (CFDs) is a popular way to gain exposure to the price movements of gold without actually owning physical gold. There are several reasons why traders choose to trade gold CFDs:

1. Leverage: Dukascopy offers 1:50 leverage on Gold CFDs, magnifying potential gains and losses, allowing traders to control a larger position with less capital.
2. Short Selling: CFDs enable profit from both rising and falling gold prices, simplifying shorting compared to physical gold.
3. Diversification: Gold CFDs diversify trading portfolios, as gold's low correlation with other assets adds value to strategies.
4. Liquidity: Gold CFDs are highly liquid, ideal for real-time trading and various holding periods.
5. Lower Costs: Gold CFDs have lower transaction costs compared to physical gold, avoiding storage and insurance expenses.
6. No Physical Ownership: CFDs eliminate physical gold logistics and security concerns, focusing on price speculation.
7. Flexibility: Gold CFDs are accessible on various platforms, facilitating 24/5 trading for non-traditional hours.

• Swiss Regulation: Dukascopy ensures Swiss regulatory compliance.
• Deep Liquidity: Access to Swiss marketplace liquidity.
• Diverse Instruments: Trade forex, CFDs, and more.
• JForex Platform: Advanced charts, automation tools.
• Reliable Liquidity: Competitive prices, swift execution.
• Transparent Markets: Same pricing for all traders
• Swiss Security: High data privacy standards.
• Practice Risk-Free: Explore with demo accounts.
• Learn and Grow: Abundant educational resources.
• 24/7 Support: Assistance via various channels.
• Cost-Effective Trades: Competitive interbank spreads.
• Global Service: Multilingual support available.
• Automated Strategies: Algorithmic trading with ease.

Trading CFDs on gold with Dukascopy is straightforward. Dukascopy’s platforms provide you with access to real-time SPOT gold quotes and a range of trading tools. Here's how you can get started:

1. Open an Account: If you don't already have one, sign up for a Dukascopy trading account here.
2. Fund Your Account: Deposit funds into your trading account to have the necessary capital for trading. Click here to deposit now.
3. Select Gold CFD: In the Dukascopy trading platform, navigate to the list of available CFDs and select "Gold" or "XAU/USD."
4. Analyze the Market: Use Dukascopy's charting and analysis tools to assess the current market conditions, identify trends, and make informed decisions.
5. Place Your Trade: Decide whether you want to buy (go long) or sell (go short) gold CFDs based on your analysis. Enter the trade size and any risk management parameters.
6. Monitor Your Trade: Keep an eye on your open position, and you can adjust or close it as the market moves.
7. Manage Risk: Utilize stop-loss and take-profit orders to manage your risk and protect your capital.

Gold CFD is also known as Rolling Spot Metals, which falls under “contract for difference” or a CFD MiFID II categorization. Underlying asset is the physical commodity Gold (AU). The price is based on interbank XAU/USD spot prices centered in London (loco London). Gold CFD’s as offered by Dukascopy are considered derivatives.

The minimum trade size of a Gold CFD with Dukascopy is equal to 1 troy ounce. On Dukascopy JForex accounts clients may hold exposures of up to 1’500 ounces. On MT4 platform, the standard lot corresponds to 100 ounces. Minimum trade amount is 0.01 lot (1 ounce), maximum exposure are 10 lots (1’000 ounces). Dukascopy offers flexibility with different contract sizes to cater to traders with varying risk preferences and account sizes. You can find detailed information about contract sizes and specifications on our platform.