Trade Gold*
Spread from as Low as US$ 0.10 with ZERO Commission
*FPG only offers CFD products.
Why Trade Gold with FPG?
Enhance your portfolio
Spread your investments across various asset classes, reducing the risk of significant losses from any single investment.
Trade with Leverage
Trading on leverage allows you to amplify your trading position with borrowed funds, potentially increasing both gains and losses.
Market Choices
The decision on which markets to trade involves selecting the most suitable options based on factors such as volatility, liquidity, and potential profitability.
Steps to begin trading or investing in gold CFDs
1. Choose a Gold trading market.
Selecting a gold trading market involves choosing the specific exchange or platform where gold assets are traded.
2. Choose to Trade or Invest
Deciding whether to trade or invest involves assessing your financial goals, risk tolerance, and time horizon.
3. Open a Live Account
Open an FPG live Account to start enjoying our comprehensive trading services.
Recognise what influences the price of gold.
The dynamics of supply and demand affect the price of gold. The market price can be influenced by a wide range of factors, such as:
Since the 1970s, the price of gold has increased due to the annual quadruple in demand for the metal. Gold is used for many different purposes worldwide, including jewellery, technology, and value storage for investors and central banks. Actually, about half of the world’s demand is for jewellery, with exchange-traded funds (ETFs) providing the remaining 29%.
Demand for gold is mostly driven by the growth of the middle class in South East Asia, China, and India.
Since it is thought that the majority of the world’s gold supply has already been extracted, the rate at which mining companies produce gold is decreasing. Between 2011 and 2019, there was a roughly 26% decrease in production as a result of companies cutting back on exploration to save money.2.
Scientists are working on tools to identify previously inaccessible gold deposits and are even considering space mining as a means of locating fresh gold supplies.
Since gold cannot be grown in the same way as some other commodities, its supply is limited, but what is in circulation will never run out. This indicates that in order to keep up with demand, a lot of gold is now recycled.
Gold will become more expensive if supply declines and demand increases.
Gold’s price typically declines when interest rates rise because investors shift their focus to fixed-income securities and stocks, which will increase their capital.
On the other hand, when interest rates decline, investors seek to gold as a safe haven to safeguard their wealth due to economic uncertainty.
The US dollar and gold have a complex, but typically inverse, relationship. Gold prices rise as investors seeking alternative stores of value rush in to purchase it when the dollar weakens. The value of other currencies tends to rise in response to a declining dollar, and this increased purchasing power can drive up previously unaffordable demand for gold.
Gold is frequently regarded as a safe-haven investment during times of political unrest and financial strain because it often holds its value when other markets see price declines.
For instance, worries about the effects of the coronavirus and the ensuing lockdowns on the economy caused gold prices to rise by 13% in the first three months of 2020.
Locate your chance
Identify your first opportunity by utilising the various in-platform tools.
Decide to go long or go short on gold
When you begin trading spread bets and CFDs on gold or assets linked to gold, you will have the choice of going long or short in the market, or buying and selling. If you believed the asset’s price would increase over a specific period of time, you would buy it; if you believed it would decrease, you would sell.
Investing in gold stocks and ETFs would only allow you to go long, capitalising on a longer-term increase in value.
It is crucial to conduct in-depth research, both technical and fundamental, to determine which direction the market is likely to move.
Trade Gold With FPG
Start trading with Fortune Prime Global
in a few simple steps
Open an account
Takes 4 minutes online.
Upload your documents
Verify your details.
Fund your account
Choose from multiple payment methods.
Start trading
FX / Commodities / Indices / Crude Oil
