Foreign Exchange Spot Gold and Silver
In the Forex market as well as USD, GBP and EUR, Gold and Silver are considered a form of currency. Gold and Silver are traded against the US Dollar in a similar way to trading any other currency pair. The price is always reflected in USD per Troy Ounce.
GO Markets offers Foreign Exchange (Forex) Spot Gold and Silver trading, directly on live tradeable prices, 24 hours a day (there is a 45 minute break from 09:15 AEDST - 10:00 AEDST). Spot Gold and Silver are tradeable through the MetaTrader 4 platform like any other currency pair.
Spot Commodity Trading
Spot Gold and Silver are ideal for both long and short-term speculative investing.
- Gold/US Dollar, XAUUSD, Spot: 100 Troy Oz
- Silver/US Dollar, XAGUSD, Spot: 5,000 Troy Oz
You can also trade from as low as 0.01 lots to easily control your exposure. Spot Commodities allow you to short sell as easily as taking a long position and can also be traded by Market, Limit, Stop and Trailing Stop orders.
Similarly to trading Forex, you can benefit from leverage up to 500:1.
Trading Spot Gold and Silver
Spot Gold and Silver are tradable through the MetaTrader 4. Spot Gold and Silver can also be traded through trade orders including Market, Limit and Stop orders.