January 16, 2024
The US dollar strengthened amid rising Treasury yields, putting pressure on gold.
Trading 0.5 lots of XAUUSD could bring $650 on a single trade.
November 16, 2023
Amid increasing geopolitical tensions, gold formed a head-and-shoulders pattern, and broke through the 1975 resistance.
Trading 0.2 lots of XAUUSD could bring $2100 on a single trade.
Real-time gold trading conditions
FBS offers a secure and profitable gold trading experience with competitive spreads, ultra-fast execution, and a trusted, regulated brokerage. For details, explore the FBS trading conditions page.
FBS offers daily market reports, insights, and trade ideas from experts. Traders can access market analysis, technical insights, and economic news to make informed trading decisions. Go to our Market Analytics page to get your first trading insights.
Certain factors make trading precious metals, especially gold, very attractive. The main one is the fundamental predictability of gold prices based on their inverse relation to global economic trends.
Investors seek refuge in gold if things go wrong, causing its price to rise. Conversely, if the global economy is booming and optimistic moods push traders to take more risks, gold prices typically decrease. For example, the Covid crisis in 2020 made gold reach all-time highs above $2000. However, when the economy stabilized, gold did not reach the same heights in price.