Quoted per troy ounce in US dollars.
Markets
Metals
Gold and silver against the dollar — the instruments traders watch when currencies and interest rates move.
What you'll learn
Metals
Spot metal CFDs track the price of an ounce of gold or silver quoted in dollars. You're trading the price, not the metal: there is no bar, no vault and no delivery, and a position can be held in either direction.
CFDs are explained here for education: you take a position on the price, you never own the underlying asset.
Metals often move when real yields and the dollar move, which is why we teach students to watch rate decisions.
The market pauses for a daily break and is closed at the weekend.
Metals
How we teach it
Metals sit in the same watchlist as your currency pairs in our lessons, using the same order types, so a gold position is practised exactly the way a EUR/USD position is.
CFDs are explained here for education: you take a position on the price, you never own the underlying asset.
XAU/USDDemo Feed
Prices right now
Demo FeedReference prices from our own feed, shown so you can practise reading a real chart. One indicative price per instrument, with the day's high and low — not a tradable quote.
| Instrument | Price | Change | Day high | Day low | Today |
|---|---|---|---|---|---|
| XAU/USDGold | 4,388.30 | −0.36% | 4,408.06 | 4,384.35 | |
| XAG/USDSilver | 65.42 | −0.24% | 65.64 | 65.36 |
Simulated prices for illustration only. Not live quotes and not an offer to trade.
Metals
Worth knowing
When this market is open
Our published session times for this market: [TRADING HOURS]. Sessions move with daylight saving, and an instrument can pause when its underlying market is closed.
What a trade costs
Every market is taught the same way: one all-in spread, or a tighter spread with a fixed commission per lot, whichever your chosen broker offers. We teach you to read the difference, not to pay us either one.
See how we teach costFree tools
Plan the trade before you place it
Two tools we teach in the course, free to use here — no enrolment required.
Market sessions
Forex trades around the clock across four main sessions. Liquidity is usually highest when two overlap — a core lesson in our forex course.
- Sydney—
- Tokyo—
- London—
- New York—
Times in UTC (--:-- now). Approximate, and they shift with daylight saving.
Position-size calculator
See what each pip is worth, and what a position would cost at a chosen leverage — the exact calculation we teach in lesson two.
Pip value$10.00per 1 pip move
Position value$108,420notional, in USD
Margin required$3,614at selected leverage
For education only. A simulated reference price; the leverage available to you depends on your own broker and jurisdiction.
Ready when you are.
Try a free lesson, or enrol in a course plan and start practising today.