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Trade Gold
Gold
In the Forex market, gold is a form of currency. The particularity of gold is that it can only be traded against United States dollars (USD). The internationally accepted code for gold is XAU. It is known to be a “safe-haven” asset, it is expected to increase its value in times of volatility and economic uncertainty.
Gold has been traded since the dawn of time, and over the centuries has become the most traded asset in history. Early gold trading was in exchange for goods, land, or livestock, and later the precious metal was used as a currency and for ornate jewellery.
Trading gold in today’s online markets allows investors to profit from daily price movements or long term trends, so it's no wonder why gold is the go-to investment when market volatility shakes investor confidence. The price of gold has typically risen during some of the biggest market crashes, making it a safe-haven of sorts. That's because the precious metal is inversely related to the stock market.
Why Engage in Gold Trading?
Let’s first look at the benefits of gold as a stock market asset. Like most commodities, gold has the particularity of being very volatile. It is therefore an ideal asset for trading strategies in the short or medium term, or for traders who do not have a large capital. On the other hand, gold has long been considered a haven. This means that it tends to stay at high price levels, even when other markets are plummeting. Investment companies tend to invest heavily in gold when their other positions are risky.
The markets, which are subject to very high volatility, contribute to fueling this feeling of doubt and the economic news, as well as the publication of the various technical indicators are not to reassure investors. It is this situation that drives investors to turn to safe havens such as gold.
Trade Gold
Explore our range of options that can fulfill any demands of both short-term and long-term investors. We did our best to bring you a powerful toolkit for your intraday or interday trading.
✔ $5,000 Minimum Investment
✔ up to 170% - Every 30 days
✔ 60 sec -- end of the month (Expiration time)