Trading in Gold
Trading gold in today’s online markets allows investors to profit from daily price movements or long term trends. Here we’ll impart everything you need to know to start trading gold. That includes trading on gold forex, futures and options, plus exploring what makes an effective strategy. We’ll wrap up with global gold trading hours and useful tips
History of Trading Gold
Trading physical gold dates back to 2000 BC when ancient Egyptians began mining the precious metal. Now global supply of the commodity is over 170,000 tones, with production tripling year-on-year since the 1970s. So reliable is its value that countries have used it as currency reserves for centuries.
Gold Ideal for Trading
For centuries together, gold is considered as the most valuable metal and any other commodity or asset traded in the market must have similar characteristic value-properties making it suitable for trading. It is the market dynamics or forces that determine the fixation of price of gold. This is depending on the supply and demand scenario of gold making it a highly price-volatile metal. Therefore, it is imperative that the retail trader in gold have sufficient number of buyers and sellers.