Once upon a time, trading gold was difficult: you had to buy and sell the metal itself. Then came futures and options, allowing traders to take positions without actually ending up with a safe full of bars, coins or jewelry. Gold exchange-traded funds (ETFs) made it easier still; trading gold was much like trading a stock.
Today, trading gold is almost no different from trading foreign exchange.
If a retail investor uses a spread-betting platform it is simply a matter of buying or selling depending on whether you think that the gold price is likely to rise or fall.
For some people, trading gold is attractive simply because the underlying asset is physical rather than a number in a bank account. There are a variety of strategies for trading gold ranging from studying the fundamental factors affecting supply and demand, studying current positioning of gold traders, to technical analysis and studying the gold price chart.
Gold price (XAU/USD) struggles to capitalize on the previous day's recovery move from the $2,150 area, or the weekly low and comes under some selling pressure on Thursday. A hot US inflation print fueled speculations that the Federal Reserve (Fed) may delay interest rate cuts. This, in turn, remains supportive of elevated US Treasury bond yields, which assists the US Dollar (USD) to regain some positive traction and turns out to be a key factor exerting downward pressure on the non-yielding yellow metal.
Even for those who rely principally on the fundamentals, many experienced traders would agree that a better gold trading strategy is incorporating some components of fundamental, sentiment, and technical analysis. A gold trading tip we offer is that fundamental and sentiment analysis can help you spot trends, but a study of the gold price chart and patterns can help you enter and exit specific trades.
Today, trading gold is almost no different from trading foreign exchange.
If a retail investor uses a spread-betting platform it is simply a matter of buying or selling depending on whether you think that the gold price is likely to rise or fall.
For some people, trading gold is attractive simply because the underlying asset is physical rather than a number in a bank account. There are a variety of strategies for trading gold ranging from studying the fundamental factors affecting supply and demand, studying current positioning of gold traders, to technical analysis and studying the gold price chart.
Gold price (XAU/USD) struggles to capitalize on the previous day's recovery move from the $2,150 area, or the weekly low and comes under some selling pressure on Thursday. A hot US inflation print fueled speculations that the Federal Reserve (Fed) may delay interest rate cuts. This, in turn, remains supportive of elevated US Treasury bond yields, which assists the US Dollar (USD) to regain some positive traction and turns out to be a key factor exerting downward pressure on the non-yielding yellow metal.
Even for those who rely principally on the fundamentals, many experienced traders would agree that a better gold trading strategy is incorporating some components of fundamental, sentiment, and technical analysis. A gold trading tip we offer is that fundamental and sentiment analysis can help you spot trends, but a study of the gold price chart and patterns can help you enter and exit specific trades.
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