Trade XAU/USD with Fondex
Thinking of trading XAU/USD?
- 1. XAUUSD stands for Gold being traded against the USD in the financial markets, it is a monetary asset on its own without any reliance on currency, stock or bond markets. 2. Gold is mostly moved by global inflation, deflation, supply/demand or by US Dollar announcements. When prices for the goods increase so does the prices for gold since paper currency used to buy these goods is pegged with Gold. Hence making it easier to track and study the bullion market by the experienced commodity investors. 3. Gold trading is taking place 24 hours a day. The change between gold exchanges around the world, from London to New York, then to Sydney and Tokyo, returning back to Europe is seamless, allowing for high liquidity around the clock.
Trading CFDs involves significant risk of loss