When it comes to trading gold, Dukascopy offers an exciting opportunity through Contracts for Difference (CFDs). A CFD on gold is a financial derivative that allows traders to speculate on the price movements of gold without actually owning the physical metal. It's a popular choice for those who want to take advantage of gold's price fluctuations without the complexities of buying and storing the actual commodity.
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:
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:
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.