How do I trade Gold?
- Explore what shifts the Gold price
- Learn about Gold trading in the Trading Academy
- Open and verify your Plus500 account
- Develop your trading strategy
- Execute your first trade on Gold
Buy and sell Gold CFDs. Gold (XAU) is a precious metal commodity known for its safe-haven appeal and is used to make electronics and more. Gold trading prices are expressed in US dollars. Bloomberg
Buy and sell Gold CFDs. Gold (XAU) is a precious metal commodity known for its safe-haven appeal and is used to make electronics and more. Gold trading prices are expressed in US dollars. Bloomberg
Spread | 0.4 | Spread (%) | 0.02% |
---|---|---|---|
Overnight funding - Buy | -0.0352% | Overnight funding - Sell | -0.0087% |
Initial margin | 1.00% | Maintenance margin | 0.50% |
Leverage | 1:100 | Expires daily | No |
Minimum amount | 1.5 Ounces |
Name | Sell | Sell button / Change | Buy | Change | ||
---|---|---|---|---|---|---|
Sell | Buy | Trade |
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).
Find out what other factors can shift Gold prices in our "What Moves Gold's Price" article.
Follow these steps to trade gold CFDs:
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.