Will Hot Inflation Send Gold South?
Key Points For the majority of 2024, gold (XAU/... down to Earth or ride high for the […]
Published on: 14 May 2024
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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.
Published on: 10 May 2024 Gold
Gold Daily Price Analysis – Investors’ Interest in Gold Spikes with Fed Rate Cut Expectations
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Published on: 08 May 2024 Gold
Gold (XAU/USD) Enters Rotation Amid Slow News Cycle
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Published on: 03 May 2024 Gold
Gold Daily Price Analysis – Consolidation Continues, Eyes on Non-Farm Payrolls
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Published on: 02 May 2024 Gold
Post-Fed Action: Intermediate-Term Support In View For Gold (XAU/USD)
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Published on: 26 Apr 2024 Gold
Gold Daily Price Analysis – Rising Gold Demand in China Boosts Prices, US Economic Data in Focus
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Published on: 23 Apr 2024 Gold
Geopolitics, FOMC Policy Dominate Gold Market Sentiment
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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. Open a forex trading account with SwitchMarkets, our partner broker
- 2. Open an account with a VPS service provider to protect your trading account from internet disconnections and slippages.
- 3. Choose the ideal position size and leverage ratio that suits your trading style
- 4. Utilize your trading strategy to identify entry and exit opportunities
- 5. Open your first trade by clicking on buy or sell
- 6. Consider risk management tools such as a risk-reward ratio, stop loss, and take profit
- 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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