Supply and demand
Central bank reserves
Follow our process to start gold trading today:
Futures CFDs derive their pricing from underlying futures contracts, while bullion CFDs derive their pricing from the underlying spot market. For a complete overview of all the gold instruments available to trade and what time zone they are active in, view our product schedule.
Built to utilise Artificial Intelligence and Machine Learning, PsyQuation is a highly advanced trading analytics platform designed to reduce your trading mistakes and provide powerful performance analytics.
Trading hours for Axi clients in the gold spot CFDs market kick off at 01:01 Monday (server time) and close at 23:58 Friday (server time). This includes gold, silver and platinum products. There is a market break that occurs between 23:59 and 01:01 (server time) each morning.
The exchange for Gold futures CFDs open at 18:01 Sunday and close at 16:59 Friday (New York timezone). There is a trading break from 16:59 - 18:01.
Traders can use historical prices to try and garner information about future price direction and key levels to consider. Looking at the big picture, gold has been on an uptrend since September 2018 before reaching an all-time high in August 2020 – close to $2100 per ounce.
As with any asset class, trading gold can be profitable with the right risk and trade management practices in place. To capitalise on gold price movement, traders should pay close attention to volatility and the main external factors driving gold price changes.
Learn more about trading this safe haven asset in our gold trading for beginners guide.
You can trade gold on MT4 with Axi using gold CFDs. With this form of trading, instead of owning the physical metal, you will simply be speculating on the fluctuations in its price.
Axi offers two MT4 account types to cater for different gold trading strategies; a standard account more suited to long-term strategies and a Pro account best suited to strategies that are sensitive to spreads.
Trading gold is popular because it is a precious metal that exists in finite quantities, gold has long been used as a form of currency and a way for people to store wealth (such as jewellery). It is also widely used and highly valued across various industries (such as electronics). The desirable nature of gold makes the gold market highly liquid and creates excellent opportunities for trading and investment.