Gold XAU

Gold is a commodity subgroup and is one of the world's most traded precious metals. Other popular precious metals include silver, copper and platinum. 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).

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.
   * You can add Gold to your Favourites, by clicking the Favourites star in the instrument’s info screen.
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.

Historically, shares and gold are considered opposites. When stock markets rise, the price of gold tends to fall, and vise versa. This has mainly to do with gold’s status as a 'safe haven' (i.e. a financially stable asset) when compared to stocks which are seen as more volatile.
However, when trading gold and shares using leveraged CFDs, the differences between these assets are not so substantial.

Plus500’s leverage ratio for trading gold CFDs is 1:100, meaning with as little as ₪ 500.00 you can gain the effect of ₪ 50,000 capital. For a list of all our commodities, click here.

The leverage ratio available for shares CFDs is 1:20. For a list of all our shares, click here.

In addition, please note that as a CFD trader you do not actually own the underlying asset, but rather you are trading on the expected changes in its price, in the form of a Buy or Sell position.