Gold Futures Price Online

Gold is a commodity subgroup and is one of the world's most traded precious metals. Gold’s price is quoted per troy ounce (oz t), in US dollars. As such, it is often seen as a currency - XAU or XAU/USD. The main drivers for the price of gold are the aggregate supply and demand for the numerator (XAU) versus the value of the denominator (USD).

Technical Analysis GOLD Futures

What affects the price of GOLD?

Among the main factors determining gold prices are:

Geopolitical tensions and uncertainty - Political uncertainty, and/or instability is probably the single most influential factor determining the price of gold. Not knowing what will happen to political, social and economic realities has a psychological effect on day traders who hope to profit from changes in gold and other financial instruments.

Monetary policies of leading economies - particularly US Federal Reserve and People's Bank of China which are the central banks of the world’s two largest economies. Central banks affect global gold markets by purchasing and selling gold bullions in an effort to balance the country’s payments system, and to stabilise their currency’s exchange rate in relation to other foreign currencies (Forex).

Supply and demand - within the commodity markets on which precious metals are traded as futures and on spot markets. Supply and demand of gold correlates to their availability in nature (discoveries) and expected value as an exchangeable commodity.

How do you start trading GOLD CFDs?

Follow these steps to trade gold CFDs:

  1. If you don’t already have a Plus500 account, open a Trading Account Here.
  2. Complete registration and deposit funds.
  3. Search for gold under ‘Commodities’ or type ‘Gold’ in the search bar.
  4. View gold’s chart indicators and check for events affecting the price of gold on the Economic Calendar.
  5. Trade gold by opening a position according to the direction you think it will move. You can consider adding stop orders that can help you protect your profits and limit your losses.