XAU/USD trading specifications
- Lowest spread
- 0.2
- Commission
- $7 / RT lot
- Swap long
- -25.00
- Swap short
- 8.50
- Trading hours
- 01:05 – 23:55
- Max leverage
- 1:50
Spreads are variable and reflect market conditions. Swaps are indicative and updated periodically. See the full specifications page for all instruments.
View all specificationsAbout XAU/USD
XAU/USD measures the price of one troy ounce of gold in US dollars. It is one of the most actively traded commodity pairs globally, used by traders as both a speculative instrument and a hedge against currency risk.
Gold pricing is influenced by US dollar strength, central bank policy (particularly the Federal Reserve), inflation expectations, and demand for safe-haven assets during market stress.
At Milton Prime, XAU/USD is available as a CFD with the same transparent commission structure as our FX pairs: $7 per round-turn lot, variable spreads reflecting market conditions, and execution receipts available by request.
What moves gold prices
- US dollar strength
- Gold and the dollar typically move inversely. A stronger dollar makes gold more expensive in other currencies, reducing demand.
- Interest rates
- Gold pays no yield. When real interest rates rise, the opportunity cost of holding gold increases, and vice versa.
- Inflation expectations
- Gold is historically seen as an inflation hedge. Rising inflation expectations tend to support gold prices.
- Geopolitical risk
- During periods of geopolitical uncertainty, demand for gold as a safe haven tends to increase.
- Central bank activity
- Central bank gold purchases and sales directly affect supply and demand. Recent years have seen significant buying by emerging-market central banks.
Risks and volatility
Gold can move sharply during central bank announcements, US economic data releases, and geopolitical events. Intraday swings of $20 or more per ounce are not uncommon.
As a leveraged CFD, XAU/USD positions can incur losses that exceed your initial margin. Stop-loss orders may not execute at the exact price during fast markets. Always size positions relative to your total account equity.
Overnight swap costs on gold positions can be significant. If you intend to hold positions across sessions, factor swap charges into your cost calculations.
Gold at Milton Prime
- Same $7 per round-turn lot commission as FX pairs
- Variable spreads reflecting market conditions (lowest 0.2)
- Available on MT5 alongside all FX instruments
- Execution receipts available by request via PrimeProof
- Negative Balance Protection applies per our policy
Start trading gold
Open an account to access XAU/USD alongside our full FX instrument range.