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Gold (XAU/USD)
XAU/USD trading specifications, price drivers, and risk context.
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XAU/USD trading specifications
| Lowest spread | 0.2 |
| Commission | $7 / RT lot |
| Swap long | -25.0 |
| Swap short | 8.50 |
| Trading hours | 01:05 - 23:55 |
| Max leverage | 1:50 |
About 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.
What moves gold prices
- US dollar strength · Gold and the dollar typically move inversely.
- Interest rates · Gold pays no yield, so real rates influence demand.
- Inflation expectations · Rising inflation expectations tend to support gold prices.
- Geopolitical risk · Demand often rises during uncertainty.
Start trading gold
Open an account to access XAU/USD alongside our full FX instrument range.