When traders refer to gold it is generally assumed to be against the US dollar. But it can be traded against most currencies and, if you look at its performance against them of late, it has not performed well at all. In today’s video we look at our gold basket index (gold vs FX majors) to highlight weakness for the yellow metal, then refer this back to our view on gold against the US dollar on the daily and four-hour charts.
How to start gold trading
How to trade with City Index
You can easily trade with City Index by using these four easy steps:
-
Open an account, or log in if you’re already a customer
• Open an account in the UK
• Open an account in Australia
• Open an account in Singapore
- Search for the company you want to trade in our award-winning platform
- Choose your position and size, and your stop and limit levels
- Place the trade
Latest market news
Today 02:05 PM