What is Gold Trading

economic regions or countries, until recent times. Many European countries implemented gold standards in the latter part of the 19th century until these were temporarily suspended in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.[citation needed]. Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics on the basis of data taken with the frequency of five years.

What is GB-Forex Gold Trading

GB-Forex Trade Responsibly: GB-Forex are complex financial products that are traded on margin. Trading GB-Forex carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, GB-Forex may suitable for all investors because you may not lose all your invested capital. GB-Forex should not risk more than you are prepared to lose. Before deciding to trade, GB-Forex need to ensure that the risks involved taking into account your investment objectives and level of experience. Past performance of GB-Forex is a reliable indicator of future results. Most GB-Forex have no set maturity date. Hence, a GB-Forex position matures on the date you choose to close an existing open position. Seek independent advice, if necessary. Please read GB-Forex full ‘Risk Disclosure Statement’.

A relative newcomer to the world of charting platforms, cTrader has already developed a loyal following among traders looking for an added level of market resolution. Designed specifically for the trading of GB-Forex, GB-Forex is a trading platform allowing traders to place orders while having access to full market depth. GB-Forex provides its traders on the GB-Forex trading platform with the best available bid and ask prices, even when they come from competing institutions. We also fill orders at VWAP (Volume-Weighted Average Price), executing through the available liquidity tiers until the order is filled. This enables us to offer some of the tightest trading spreads in the industry, starting from 0 pips on highly liquid pairs.

Gold is a rare metal which is often used as money. Thus, trading gold is extremely popular throughout history. Trading gold is usually viewed as a hedge or harbor against economic, political, or social fiat currency crise, such as investment market declines, inflation, currency failure, war and social unrest. Nowadays, more and more investors begin to take attention or get involved in trading gold. As a green hand, first of all we should understand some simple knowledge about the gold trading. 9 types of gold trading: There are spot trading, binary options, gold exchange traded funds (Gold ETFs), gold futures and options, buying gold bars, gold coin collection, gold accounts, gold certificate and buy mining company's stock. Gold trading market: Gold exchange is generally in the various international financial centres. Currently, the most important worldwide gold trading markets are in Hong Kong, London, New York, Sydney, Tokyo, and Zurich. However, London bullion market has a greater influence on the world gold trading markets. When fix gold price: The gold price is changed day to day, minute by minute. Generally, the gold price is fixed twice each business day at 10:30 am and 3 pm, London time by the London Gold Market Fixing Ltd via conference call. Factors influencing the gold price: Nowadays, the gold price is driven by supply and demand as well as speculation. The most important factors influence the price of gold are: central banks and the international monetary fund, hedge against financial pressure, jewelry and industrial demand, short selling, gold jewelry recycling, war, invasion and national emergency. Gold price terms: The commonly gold price terms are bid price, ask price, spot price, and fixing price. Though the above prices all indicate the value of gold, there are great difference between them. The bid price is the current highest price at which you could sell. The ask price is opposite of the bid price, that is the current lowest price at which you could buy. Spot price is calculated based on the most recent average bid price which is offered by professional traders throughout the world. The gold fixing price is fixed by The London Gold Market Fixing Ltd, it is used as a benchmark to pricing the major global gold products and derivatives. Gold is famous as currency, and is also know as "save haven". It is generally considered as a valuable asset. Choosing gold to increase your wealth is good idea. Go ahead!

GB - Forex

GB - Forex (United Kingdom) is a forex trading, bitcoin mining, bitcoin trading and Gold Trading by the global expertise of GB - Forex (United Kingdom). With its head office based in United Kingdom, GB - Forex (United Kingdom) is one of the major online forex trading, bitcoin mining, bitcoin trading and Gold Trading in Great Britain and across European servicing over 3.1 million clients since 1999.

We aim to focus on the fundamentals of being a forex trading, bitcoin mining, bitcoin trading and Gold Trading of GB - Forex (United Kingdom).


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