Gold Spread Betting
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Welcome to Clean Financial's guide to Gold spread betting.
Quick and simple answers to common Gold questions:
Q) Where can I Spread Bet on Gold?
Q) Where can I Trade Gold for Free?
Q) How to Spread Bet on Gold?
Q) Where can I find Free Real-Time Gold Prices?
Q) Where can I find Free Gold Charts?
Q) Where can I find free Gold Trading News?
Q) Where can I find Gold Technical Analysis?
Q) Where can I find Narrow Gold Spreads?
Q) Where can I find a Free Gold Trading Platform / Software?
Advert:
Gold Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Gold with
Financial Spreads.
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Spread Betting Companies - Gold Spreads Comparison
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| Gold Daily - Spread Size |
4 |
5 |
4 |
4 |
5 |
4 |
5 |
4 |
| Gold Daily - Min Stake |
£1 |
£1 |
£1 |
£0.1 |
£1 |
£1 |
£1 |
£1 |
| Gold Future - Spread Size |
6 |
6 |
6 |
6 |
7 |
6 |
13 |
6 |
| Gold Future - Min Stake |
£1 |
£1 |
£1 |
£0.1 |
£1 |
£1 |
£1 |
£1 |
Comparison Notes.
This table is not meant to be inclusive, spread betting services are also available with companies not listed here.
Gold Spread Betting, 3 February 2012
Gold had a little move to the upside yesterday and reached new near term highs. This morning the precious metal is at $1758 a touch lower, but still very much in its short term bullish uptrend.
The bulls must be eying up the $1800 level, but the resistance at $1767 and $1790 needs to be overcome first.
Gold Spread Betting, 2 February 2012
Gold was pretty much flat yesterday and couldn’t quite take on the $1750 level.
This is just about the only one of the most popularly traded markets that our spread betting clients are actually long of and so they are hoping for further strength towards $1750 and beyond.
If the risk appetite sustains itself then we could see continued strength in gold as the bulls take on resistance seen at $1760 and $1775.
Gold Spread Betting, 1 February 2012
The gold spread betting market continues to hover around its recent highs and this morning is at $1738.
Underlying strength in the precious metal seems to be coming from both angles with the price getting support from both increased risk appetite as well as risk aversion when the euro gives back a little bit.
The bulls will be targeting $1748 and $1760 meanwhile support is seen at $1703 and $1680.
Gold Spread Betting, 31 January 2012
With a stronger US dollar, gold found it hard to break into positive territory yesterday, ending the session down $8 at $1729.5.
It seems investors around the world were yet again nervous about European debt woes, helped by the lack of an agreement materialising with Greece’s creditors over the weekend, which dampened the bullish momentum.
Another factor in the decline may have been profit taking as traders looking at their gold technical analysis may have thought that the precious metal was getting too high above the moving averages.
Nevertheless, at time of writing, the yellow brick has made ground and added yesterday’s losses back on to the price with a tad more, trading at $1743.1.
Gold Spread Betting, 30 January 2012
After plummeting from its record high of $1920.9 towards the end of last year to lows of $1522.4 on the back of EU woes, investors are now starting to view gold as a safety haven again. This is especially true given that last week the Fed told the markets that US interest rates were going to stay low until at least 2014.
It appears that confidence is being reinstated into investors’ minds that Greece could at the very least avoid a default in the short term. The precious metal rallied $18 on Friday to close at $1738.4, a level last seen on December 8th.
Currently, the shiny brick trades down on the day at $1720.5 as it declines in line with other risk assets.
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Gold Spread Betting, 27 January 2012
It was a real risk on scenario following the Fed's announcement that interest rates are due to remain at their record lows into 2014 and you can safely say that a similar thing might happen here in the UK.
The buyers piled back into mining stocks as metal prices soared with gold and copper prices spiking.
The gold spread betting market was also in demand after its initial big spike on Wednesday then that strength continued through to yesterday as the yellow brick smashed through $1700 and onwards to $1730.
The profit taking across risk assets has filtered through to gold as well which is a little lower this morning to $1717.
The bottom line for gold is that if the US is thinking about more monetary easing, gold is likely to be a one way ticket and clients remain heavily long of the metal.
Near term support and resistance is seen at $1703/1680 and $1730/1738 respectively.
Gold Spread Betting, 26 January 2012
Spread betting investors long of gold yesterday evening would have been whooping with joy.
The precious metal doesn’t pay interest so during a time of low interest rates it is often bought as an alternative asset. This was certainly the case yesterday as, after the news from the Fed that rates would remain low into 2014, there was a spike of some 40 dollars, meaning the highest level since December 12th was reached at $1713.0.
In total for the day, $45.2 was added onto the price of the yellow brick, which closed at $1710.6.
Support was also given from a slumping dollar and fear of inflation further down the road once the global economy gets back on its feet. This morning the bulls are taking a little bit off the top as gold trades at $1705.
Gold Spread Betting, 25 January 2012
Gold had a go at the $1680 level yesterday and continues with its upward trend, having bounced its way off support areas during its recent little run higher.
Our spread betting account holders remain bullish of the precious metal and will be hoping at some point of a return to the dizzy heights recorded last year around $1900.
Gold Spread Betting, 24 January 2012
Carrying on with the bullish trend, gold got another boost yesterday, rallying $10.6 to close at $1676.7.
Demand was given a leg up by the slumping dollar, meaning that risk adverse investors were in search for an alternative safety haven amid the European uncertainty.
Chartists and those using technical analysis will be aware that the medium term trend has now turned sideways and the chart shows the 9 and 14 day moving averages crossing above the 40 day MA. At time of writing, the precious metal is seeing a small pullback and is trading down at $1672.0.
Gold Spread Betting, 23 January 2012
Gold ended the week on a high as nervous investors wanted to hedge themselves ahead of a busy weekend with Greek officials looking to strike a deal with the country’s bond holders.
By the close of business, it had risen $7.7 to $1665.7, the highest move since December 12th, keeping the bullish momentum. Currently, things are still looking good for the precious metal which is trading up at $1669.4.
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The above comments do not constitute investment advice and neither Financial Spreads nor Clean Financial accept any responsibility for any use that may be made of them.
Article provided / approved by Financial Spreads which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.
Gold Spread Betting Comment by Financial Spreads,
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Where can I Spread Bet on Gold?
You can currently spread bet on Gold and other commodities at:
You may also be able to spread bet on Gold with other companies.
Where can I Spread Bet on Gold for Free?
It depends upon what you mean by 'Free'
- Spread betting is not risk free. You can lose more than your initial investment.
- If you're looking for a free Demo Account where you can practice equities spread trading see below.
- Tax Free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
- You can also spread bet on Gold and other commodities with no commissions and with no brokers fees at:
Free Demo Account
If you're looking for a free Practice Account / Test Account where you can trial spread betting, including commodities markets like Gold, then you can you can always try:
Each of the above currently offers a free demo account.
How to Spread Bet on Gold?
As with many markets, you can spread bet on the future price of commodities, like Gold, to increase or decrease.
At the time of writing the Gold (December) market is $837.3 - $838.1 with FinancialSpreads.com. This market expires on 27-Nov-07.
Therefore you can spread bet on Gold settling:
- Above $838.1 on 27-Nov-07, or
- Below $837.3 on 27-Nov-07
With the Gold market, you trade in £x per tick, where a tick is $0.1 of Gold movement. Eg if your stake was £2 per tick and Gold moves $1.2 then that would be a £24 difference to your profit / loss (12 ticks x £2 per tick = £24).
Gold Spread Betting Example
Let's say, taking the above spread of $837.3 - $838.1, that after your market analysis you feel that Gold will rise above the $838.1 mark by 27-Nov-07.
Therefore you buy at $838.1 for a stake of £1 per tick.
If by the closing date of 27 Nov the market settles at $845.7. Then your profit and loss is worked out by taking the difference between the final price of $845.7 and the opening price of $838.1 and then multiplying that by the stake per tick.
Profit / loss = (($845.7 - $838.1) / $0.1) x £1 per tick stake.
(ie the forecast price of gold has increased by $7.6)
= ($7.6 / $0.1) x £1 per tick stake.
= £76 profit.
However if the market didn't move as predicted and had the Gold market decreased then you would have lost on this spread bet. Eg if the yellow metal settled at $827.9, then:
Loss = (($827.9 - $838.1) / $0.1) x £1 per tick stake.
= (-$10.2 / $0.1) x £1 per tick stake.
(ie the forecast price of gold has decreased by $10.2)
= -£102 loss.
Where can I Find Live Gold Prices?
If you want to access live spread betting markets then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
The spread betting companies listed on this site do not charge a fee to apply for an account.
If your application is approved then you can log on to their website and access their Live Prices and charts. There is no charge for looking at their prices.
The catch? You'll get the odd email or letter from them. The companies below also offer clients access to candlestick charts.
Of course, if you do trade then you should note that spread betting carries a high level of risk to your capital and you could lose more than your initial investment.
Live prices are available for account holders at:
Where can I Find Candlestick Charts for Gold?
Like live prices, if you want to access to candlestick charts then you generally need to open an account with a spread betting company. Note that accounts are subject to status.
If your application is approved then you can log on to their website and access their candlestick charts.
You can often alter the charts to see market data by the minute, by the hour, by the week etc. There are also other settings that you can easily add such as Bollinger Bands and Moving Averages.
Where can I find Gold Trading Platforms / Software?
Some of the trading firms offer software / trading platforms you have to download but most offer free web based platforms that allow easier access from home, the office and most other places with Internet Access.
The following also offer free live prices and charts:
Advert:
Gold Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Gold with
Financial Spreads.
|
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It 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.
The above is not meant to be inclusive, spread betting services are also available with other companies.
The above comments do not constitute investment advice and Clean Financial accepts no responsibility for any use that may be made of them.
'Gold Spread Betting' by DB, updated 03-Feb-12
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