Particularly, gold trading is appealing thanks to the high demand, liquidity, and volatility in gold prices.
Moreover, investors consider gold a 'safe haven' during unstable times. Often, holding physical gold and buying gold are considered auspicious in certain cultures. Hence, cultural significance compels people to invest in gold.
Hedging in the gold market is also a common gold trading strategy, as the metal is generally negatively correlated with stocks and bonds, depending on the economy's stability.
Trading gold CFDs
Online gold trading enables a trader to speculate the price of gold online through spot gold prices, gold futures, gold-related stocks, and even gold ETFs or exchange-traded funds.
Gold online trading with CFDs (Contract for difference) adds more convenience for the trader. A CFD means that a trader is not physically buying gold but merely speculating on the price movements in the precious metal.
Another benefit of trading gold CFDs is that it enables you to go either long (buy) or short (sell), so you can speculate on the price movement in either direction.
Trading Gold CFDs helps you gain exposure in the gold market without taking ownership or being concerned about the physical delivery of the commodity.
Why trade gold CFDs?
Price Volatility
The significant volatility in gold prices provides ample trading opportunities.
Safe Haven
Gold is the main beneficiary of any geopolitical tensions or global uncertainties.
Diversification
Diversifying with gold could help build a balanced portfolio.
Holding Value
Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages.
Inflation Hedge
Gold price tends to rise when the cost-of-living increases; hence, the yellow metal is broadly considered an excellent hedge against inflation.
Popular gold stocks and ETFs at a glance
Apart from trading gold commodity, either in spot cash or futures, here are a few popular stocks and ETFs with exposure in gold to add to the watchlist:
(NEM)
(GOLD)
(KGC)
(IAUM)
(BAR)
Factors influencing gold prices
Trading Gold with Century Financial
Here's why traders prefer to trade gold with #1 choice of UAE's investors
Innovative platforms
Choose between TradeRoom platform, the next-generation MT5 platform, and the popular CQG, or TWS platforms as per your trading style.
Superior mobile trading app
The TradeRoom app offers an unparalleled gold trading experience with a customisable dashboard, instant notification alerts, advanced charts and standard security.
World-class support
Our multi-lingual support team is here to assist you with all your questions 24 hours a day, 7 days a week via email, telephone, and live chat.
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Century Financial is regulated by the Securities and Commodities Authority (SCA), which is a testament to its more than 30 years of industry experience
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