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Home > Market Analysis > Commodities > Gold

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GOLD Market Analysis

HowToTrade.com provides our readers with a daily market analysis for Gold (XAU/USD), including the latest gold news, gold price, updates, and price forecasts from our trading experts.

Gold

Gold Daily Price Analysis – Dollar Strength Keeps XAU/USD Rangebound

Gold prices remain rangebound after a record hi...rage daily price range has narrowed […]

Published on: 03 Dec 2024

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Published on: 25 Nov 2024 Gold

Gold (XAU/USD) Corrects Amid Russia/Ukraine Escalation

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Published on: 13 Nov 2024 Gold

Election 2024 Fallout: Gold Retraces, Bitcoin Soars

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Published on: 05 Nov 2024 Gold

Gold (XAU/USD) Flat On Election Day Trade

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Published on: 28 Oct 2024 Gold

Gold Daily Price Analysis – Israel’s Attack Drives Safe-haven Demand for Gold

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Published on: 23 Oct 2024 Gold

Gold (XAU/USD) Rejects $2,750

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Published on: 17 Oct 2024 Gold

Gold (XAU/USD) Hits New All-Time Highs

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How to Trade Gold

CFDs are ideal instruments for those looking to engage in short-term gold trading. Trading CFDs enables you to speculate on gold prices without having to physically own the asset. If you are interested in trading Gold CFDs, here’s what you need to do:

  1. 1. Open a forex trading account with SwitchMarkets, our partner broker
  2. 2. Open an account with a VPS service provider to protect your trading account from internet disconnections and slippages.
  3. 3. Choose the ideal position size and leverage ratio that suits your trading style
  4. 4. Utilize your trading strategy to identify entry and exit opportunities
  5. 5. Open your first trade by clicking on buy or sell
  6. 6. Consider risk management tools such as a risk-reward ratio, stop loss, and take profit
  7. 7. Monitor your trade and close your position when getting a signal from your preferred trading strategy

Frequently Asked Questions

What drives the price of Gold?

Gold prices are influenced by supply and demand. This includes the mining production on the supply side and global industrial demand for gold on the demand side. However, since Gold has been used for decades as a safe-haven asset, the price of gold is also highly influenced by inflation, interest rates, economic uncertainty, and geopolitical instability.

What is the best time to trade Gold (XAU/USD)?

Typically, short-term traders look for overlaps between the North American and European trading sessions. During this time, there is a high trading volume and volatility. Key economic data and crucial financial events are also normally published around these hours.

How can I trade Gold?

Trading gold can be done in several different ways. Traders can buy gold physically and store their gold coins or bullion bars. Alternatively, trading Gold can also be done via derivatives, such as futures contracts, options, or CFDs. Another option is to trade Gold by buying and selling ETFs and stocks that track or relate to gold’s price.

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Disclaimer: The information on the HowToTrade.com website and inside our Trading Academy platform is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Before trading, you should carefully consider your investment objectives, experience, and risk appetite. Only trade with money you are prepared to lose. Like any investment, there is a possibility that you could sustain losses of some or all of your investment whilst trading. You should seek independent advice before trading if you have any doubts. Past performance in the markets is not a reliable indicator of future performance.

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