Last Updated on 11 September, 2023 by Samuelsson

40 things traders should know about trading gold

1. Gold is one of the oldest traded commodities in the world.
2. Gold is a safe haven asset, meaning it is seen as a reliable investment during times of economic or geopolitical instability.
3. The price of gold is driven by supply and demand factors, such as central bank buying, currency movements and investor sentiment.
4. Gold is priced in US dollars, and its price is determined by the futures market.
5. Gold is traded around the world on exchanges such as the London Bullion Market, COMEX and Tokyo Commodity Exchange.
6. Gold is bought and sold in a variety of forms, including coins, bars, futures contracts and ETFs.
7. Gold is also used as a form of currency, and can be traded for goods and services.
8. Gold is typically seen as a hedge against inflation and currency devaluation.
9. Gold is a liquid asset and can be bought and sold quickly, making it a popular investment choice.
10. Gold is a store of value, meaning it can be held for long periods of time to protect against inflation or market volatility.
11. Gold is also used to diversify an investment portfolio, as it is not correlated to other assets such as stocks and bonds.
12. Gold has a high correlation with US Treasuries, meaning when the US dollar weakens, gold prices tend to rise.
13. Gold is a safe haven asset, meaning it is seen as a reliable investment during times of economic or geopolitical instability.
14. Gold is a commodity, meaning its price is determined by the forces of supply and demand.
15. Gold is a finite resource, meaning there is a limited supply of it, and this can influence its price.
16. Gold is typically seen as a hedge against inflation and currency devaluation.
17. Gold is a global asset, meaning it can be bought and sold anywhere in the world.
18. Gold is traded 24 hours a day, five days a week on global exchanges.
19. Gold prices are affected by geopolitical events and economic news.
20. Gold can be bought and sold in a variety of forms, including coins, bars, futures contracts and ETFs.
21. Gold is a highly liquid asset, meaning it can be quickly bought and sold.
22. Gold is a speculative asset, meaning its price can fluctuate significantly.
23. Gold is typically seen as a safe haven asset, meaning it is seen as a reliable investment during times of economic or geopolitical instability.
24. Gold is a long-term investment, and its price can take years to appreciate.
25. Gold is a non-yielding asset, meaning it does not pay dividends or interest.
26. Gold is typically bought as a hedge against inflation and currency devaluation.
27. Gold is a global asset, meaning it can be bought and sold anywhere in the world.
28. Gold is a speculative asset, meaning its price can rise and fall significantly.
29. Gold is traded in a variety of currencies, including the US dollar, euro, and British pound.
30. Gold is traded 24 hours a day, five days a week on global exchanges.
31. Gold prices are affected by geopolitical events and economic news.
32. Gold is a finite resource, meaning there is a limited supply of it, and this can influence its price.
33. Gold is a volatile asset, meaning its price can rise and fall quickly.
34. Gold is typically seen as a safe haven asset, meaning it is seen as a reliable investment during times of economic or geopolitical instability.
35. Gold is a non-yielding asset, meaning it does not pay dividends or interest.
36. Gold is typically bought as a hedge against inflation and currency devaluation.
37. Gold is a long-term investment, and its price can take years to appreciate.
38. Gold is a global asset, meaning it can be bought and sold anywhere in the world.
39. Gold is highly sensitive to interest rates, and its price can be influenced by changes in the Federal Reserve’s rate policy.
40. Gold is a speculative asset, meaning its price can rise and fall significantly.