Metal
XAU/USD — Gold / US Dollar
10 – 40 cents · 15 – 40 USD
Gold is the most traded non-FX instrument in retail trading. It reacts to real yields, the dollar and geopolitical fear, and its volatility regime changes faster than most currency pairs.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 100 oz |
| Pip / tick value | 0.01 → 1 USD / 1.00 lot |
| Typical spread | 10 – 40 cents |
| Typical daily range | 15 – 40 USD |
| Best trading hours | London and New York sessions |
What moves this market
- ▸US real yields — the single most important driver
- ▸Dollar strength and Fed expectations
- ▸Geopolitical risk and central-bank buying
Correlations to watch
- ▸Negative to the US dollar index and real yields
- ▸Positive to silver, usually with higher silver beta
How traders approach it
- ▸Trend continuation on H1/H4 during US hours
- ▸Breakouts from tight Asian ranges
- ▸Size from ATR, not from a fixed lot
Typical mistakes
- ▸Trading gold with FX-sized stops
- ▸Holding leveraged positions through CPI or FOMC
Related instruments
Analyse it in FX CURIO
Run an AI chart analysis on this instrument, size the position from your stop and check news and correlation risk before you click buy.