How to Trade Gold UK
How to Trade Gold UK is a way of making money by speculating on market movements, and the yellow metal (XAU/USD) is one of the most popular commodities. It is most often traded as a form of investment, but can also be traded speculatively via XAU/USD CFDs, or even through physical bullion.
Taking possession of physical gold bars or coins can be expensive, limiting the scope for profit if you expect prices to rise, but fortunately there are more affordable and accessible ways to make a gain on market moves, such as a trading account with BullionVault, which allows you to trade whole bars directly on the professional physical bullion markets in London. Alternatively, you can trade XAU/USD CFDs, which are based on the price of the metal at the time of the trade, and are settled electronically rather than in physical bullion.
How to Trade Gold UK: Strategies and Platforms to Use
As a precious metal, gold is largely driven by global political events and shifting trade dynamics. The US dollar’s relationship with gold tends to be inverse, meaning that when the dollar falls, gold usually rises, and vice versa. Inflation fears are another key driver, and a weaker US economy can lead to rising prices for the asset.
To maximise your chances of success, develop a trading plan before you begin, so that you can set out your preferred strategies and risk parameters from the outset. Remember to consider the impact of a possible loss, as well as any potential profits, on your trading budget and overall financial goals.…