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Trading Gold: How It Works (2)
Trading Gold: How It Works (2)
Gold is effectively a currency in the forex market. It is nearly always traded against the US dollar with the code XAU/USD. As a result, your strategy needs to track movements in the US dollar.To get more news about WikiFX, you can visit wikifx official website.
An increase in the price of the US dollar could push the value of gold down. So keep abreast of forex news websites for tips on upcoming trends and analysis.
Note gold trading hours on forex websites often run continuously around the clock. Key trading times around the world may vary, but the popular commodity is almost always available. Below weve detailed the crucial opening times and trading hours of some of the main gold exchanges. Note gold trading times may vary over weekends and holidays. And while not listed above, online gold trading hours in Australia, New Zealand, South Africa, Thailand, Canada, The Philippines, and Europe run almost 24 hours a day.
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