Gold XAU

Historically, the stock and gold markets have moved inversely. When the stock market rises, gold prices tend to fall, and vice versa. This is mainly related to gold's status as a "safe haven" (i.e., an asset that provides stability in financial markets), compared to the more volatile nature of stocks.
However, if trading gold and stocks using leveraged CFD trading, the distinction between the two assets becomes less pronounced.

The leverage for Track Crypto gold CFD trading is 1:5, meaning you can gain exposure of S$1,000 with as little as S$200. To view our commodity list, click here.

The leverage for stock CFDs is 1:10. To view our stock list, click here.

Also note that as a CFD trader, you do not actually own the underlying asset, but are trading the expected price movement with buy or sell positions.

Follow these steps to trade gold CFDs:

1. If you don't have a Track Crypto account yet, open a trading account here.
2. Complete registration and deposit funds.
3. Search for Gold under "Commodities" or type "Gold" in the search bar.
   * You can add Gold to your watchlist by clicking the watchlist star on the financial instrument info screen.
4. Check gold's chart indicators and see events affecting gold prices on the Economic Calendar.
5. Trade gold by opening a position based on the direction you think it will move. You might consider adding a stop order to help protect your profits and limit losses.

The main factors determining gold prices are:

Geopolitical tensions and uncertainty - Political uncertainty and/or instability is perhaps the single most influential factor determining gold prices. Unfamiliarity with political, social, and economic status quo has a psychological impact on day traders looking to profit from price movements in gold and other financial instruments.

Monetary policy of major economies - Particularly the US Federal Reserve and the People's Bank of China, the central banks of the world's two largest economies. Central banks influence the global gold market by buying and selling gold to balance the country's balance of payments system and stabilize their currency's exchange rate against other foreign currencies (Forex).

Supply and Demand - Within the commodity market for precious metal futures trading and the spot market. The supply and demand for gold are closely related to its actual availability (discovery) and its perceived value as an exchangeable commodity.