Gold Futures
Indicative Gold prices from Finspreads:
Click on the tabs to see the various commodities, forex and stock market index prices.
|
|
|
Gold Futures Analysis and News
|
| 24-May-13 |
[3:35pm] A poor end to the week for equities has helped gold recover $50 from its lows at the start of the week.
As traders assess whether the equity sell off is a mere correction or the start of a longer retracement we have seen money returning to the yellow metal with news yesterday that Ben Bernanke will continue with the stimulus plan until the economy improves helping to add support.
Update by Toby Morris, Senior Sales Trader, 
|
| 24-May-13 |
[7:45am] After the Wall Street close, Gold was up $22.3 to $1392.7. The precious metal was below its 20DMA (@ $1432) and below its 50DMA (@ $1491).
Update by 
|
For more also see Daily Gold Trading Analysis & News.
This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
A gold price comparison table looking at the 'spread size' and minimum stakes for daily and futures markets.
| Gold Daily - Spread Size |
4 |
5 |
5 |
4 |
5 |
4 |
4 |
7 |
| Gold Daily - Min Stake |
£1 |
$0.60 |
£1 |
£0.1 |
£1 |
£1 |
£1 |
£1 |
| Gold Future - Spread Size |
6 |
8 |
6 |
6 |
7 |
6 |
6 |
14 |
| Gold Future - Min Stake |
£1 |
$0.60 |
£1 |
£0.1 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes.
This table is not meant to be inclusive, gold daily and gold futures markets may be available through other companies.
Where to Trade Gold Futures |
Investors can speculate on gold futures with these spread trading firms:
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Trading as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
|
Where to Trade Gold Futures for Free? |
Futures trading, by its very nature, is never risk-free. However, if you would like to use a free Test Account, that allows you to try out the futures markets, see Free Demo Account below.
Also, remember that, in the UK, spread trading is tax free*, i.e. it is exempt from capital gains tax, income tax and stamp duty.
If you're interested in a low cost futures trading platform then keep in mind that, with spread trading, investors are able to speculate on gold futures commission-free and with no brokers' fees through:
Should you want a completely free Demo Account that allows users to try spread trading/the futures markets then look into:
The above firms offer a Demo Account that lets investors get used to the market, try out trading theories and access professional level charts.
Where to Find Live Gold Futures Prices and Charts |
We show a fairly accurate spot price for gold further up this page, please see gold market prices.
The CFD trading chart and prices below offers readers a helpful look at the gold market.
The chart above is provided by Plus 500 and usually follows the gold futures contract (not the spot price).
If you want to review the short-term/daily/spot gold prices and charts, you will generally need a spread trading account.
A spreads account also gives you access to futures prices. Please note that all spreads accounts are subject to status, suitability and credit checks.
Should your new account be approved then, after logging on, you will be able to study the commodities charts and prices. On most platforms, these are free, however, you're likely to get the odd call or boring newsletter from your chosen spread trading provider.
Of course, if you were to trade then you should be aware that contracts for difference and spread trading carry a high degree of risk to your capital and it is possible to incur losses that exceed your initial deposit.
Professional Level Gold Futures Charts |
Although the charts vary between firms, to help your trading decisions, most charts generally come with user friendly tools and features, including:
- Drawing tools e.g. Trendlines, Fibonacci Time Zones, Fans and Arcs
- A host of different time periods e.g. 5 minute, 30 minute, 1 hour, 1 day, 1 week and so on
- Different chart types e.g. line, bar and candlestick charts
- Technical indicators and chart overlays e.g. Moving Average, Chaikin's Volatility, True Strength Index (TSI) and so on
The charts from Financial Spreads also have advanced features like:
- Custom email alerts for when your chosen market reaches a pre-set level
- Back Testing tools
Example gold chart from Financial Spreads
The following brokers offer their account holders real-time trading charts and prices:
How to Trade Gold Futures |
As with a wide range of commodities futures, you can speculate on markets like gold to go up or down.
If you go to a platform like
FinancialSpreads,
you can see that they are pricing the Gold December Futures market at $1,763.7 - $1,764.3. This means you can speculate on gold:
 Closing above $1,764.3, or
 Closing below $1,763.7
On the expiry date for this 'December' market, 27-Nov-12.
With spread trading, if you speculate on gold, you trade in £x per $0.1. So, if your stake is £2 per $0.1 and gold moves $3.6 then that would change your profits (or losses) by £72. £2 per $0.1 x $3.6 = £72.
Gold Futures Trading Example |
If we take the above spread of $1,763.7 - $1,764.3 and make the assumptions that:
- You've completed your analysis of the futures market, and
- You think that the gold market will settle above $1,764.3 by 27-Nov-12
Then you might opt to go long of the market at $1,764.3 and risk, let's say, £2 per $0.1.
With this trade you make a profit of £2 for every $0.1 that gold moves higher than $1,764.3. Conversely, it also means that you will make a loss of £2 for every $0.1 that the gold market moves lower than $1,764.3.
Thinking of this in a slightly different way, with spread trading, if you 'Buy' a market then your P&L is calculated by taking the difference between the closing price of the market and the initial price you bought the market at. You then multiply that price difference by your stake.
Therefore, if, on the expiry date, gold closed at $1,771.9, then:
Profit = (Closing Level - Initial Level) x stake
Profit = ($1,771.9 - $1,764.3) x £2 per $0.1
Profit = $7.6 x £2 per $0.1
Profit = £152 profit
Speculating on commodities futures is never straightforward. In the above example, you thought the commodity would increase, of course the market could also fall.
If the gold market fell, settling lower at $1,757.6, then you would end up making a loss on this trade.
Loss = (Closing Level - Initial Level) x stake
Loss = ($1,757.6 - $1,764.3) x £2 per $0.1
Loss = -$6.7 x £2 per $0.1
Loss = -£134 loss
Note: Gold December Futures market accurate as of 20-Sep-12.
Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Trading as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read
Financial Spreads review.
|
Risk Warning: CFD trading and spread trading carry a high level of risk to your capital and you may lose more than your initial investment. CFD trading and spread trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Gold Futures' by DB, updated 08-May-13
For related pages also see:
Commodities Futures, updated 08-May-13
Commodities futures trading guide with live commodities futures prices and charts. Plus, where to trade commodities futures, how to trade commodities futures, tax free* futures trading and...read article: Commodities Futures.
Gold Futures, updated 08-May-13
Gold futures trading guide with live gold futures prices and charts. Plus, where to trade gold futures, how to trade gold futures, tax free* futures trading and...read article: Gold Futures.
Crude Oil Futures, updated 08-May-13
Crude oil futures trading guide with live crude oil futures prices and charts. Plus, where to trade oil futures, how to trade crude oil futures, tax free* futures trading and...read article: Crude Oil Futures.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
