XAUUSD · Spot metal CFD

Trade Gold XAU/USD

Trade Gold against the US dollar (XAUUSD) on Mega1 or MetaTrader 5. Go long or short without buying, storing or taking delivery of physical metal.

Maximum leverage
Up to 200:1*
Minimum trade
0.01 lot
Contract size
100 oz

*Exposure-based margin bands apply incrementally per symbol. Metal CFDs are leveraged derivatives; availability depends on account, platform and jurisdiction.

XAU/USD

XAUUSD · Gold / US Dollar

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XAU/USD · Metals

What is XAUUSD? Gold priced in US dollars.

XAUUSD is the market price of one troy ounce of Gold quoted in US dollars. A rising price means Gold is gaining value against USD; a falling price means it is losing value against USD.

Symbol
XAUUSD
Minimum price increment
0.001
Price precision
3 digits
Profit currency
USD
Minimum volume
0.01 lot
Volume step
0.01 lot

Interest rates

Real yields and the Fed

Gold pays no interest, so it competes with bonds and deposits. When inflation-adjusted (real) yields fall, holding gold costs less in missed income and its price tends to rise; rising real yields usually weigh on it.

US dollar

The dollar's direction

Gold is priced in dollars, so a weaker dollar makes it cheaper for buyers using other currencies and often supports XAU/USD. A strong dollar tends to do the reverse, although the two do not always move in opposite directions.

Safe haven

Geopolitics and market stress

Investors often buy gold during wars, financial crises and political uncertainty, which can lift the price quickly. When the fear fades, some of that demand can unwind just as fast.

Physical demand

Central banks and buyers in Asia

Central bank purchases have become a major source of demand in recent years, alongside jewellery and bar buying in China and India. Shifts in these flows tend to move the market over weeks and months rather than minutes.

When gold is most active

Gold trades almost around the clock on weekdays. Activity picks up when London opens, is busiest while London and New York overlap, from about 8:00 to 12:00 New York time, and often spikes on US data such as payrolls and inflation at 8:30 New York time. The LBMA Gold Price, set twice a day in London, is the global benchmark for the metal.

Gold at a glance

  • XAU/USD is the price of one troy ounce of gold in US dollars.
  • At XBTFX one lot is 100 ounces, so the 0.01-lot minimum trade is a single ounce.
  • You can also trade gold against the euro, British pound, Swiss franc and Australian dollar, and through ETF CFDs such as GLD.

Two pricing choices

Compare XAUUSD spreads and trading costs.

Compare account types

Raw pricing

Pro

Variable raw spread

Metal CFD commission
USD 2.75 / USD 100k
Platforms
Mega1 & MetaTrader 5

All-in spread

Standard

Variable all-in spread

Metal CFD commission
No separate commission
Platforms
Mega1 & MetaTrader 5

Pro commission is USD 2.75 per USD 100,000 traded. Spreads are variable and can widen. Swaps may apply at rollover. Pricing, leverage, account and platform availability can vary.

Exposure-based margin

How XAUUSD leverage and margin bands work.

XAUUSD margin is applied incrementally by total notional exposure in this symbol. Crossing a threshold does not reprice exposure already assigned to lower bands; only additional exposure uses the next rate.

How exposure-based margin works
XAUUSD margin schedulePublished schedule
Additional notionalLeverageMargin
$0–$25M200:10.50%
$25M–$50M40:12.50%
$50M–$75M20:15.00%
$75M–$100M10:110.00%
$100M–∞10:110.00%

USD notional bands applied per symbol. The live platform specification remains authoritative.

Contract details

XAUUSD contract specifications.

Review contract size, volume, carrying costs and the published trading session before placing a trade. Values are refreshed from the XBTFX specification service.

Contract size
100 oz
Minimum / maximum volume
0.01 lot / 500 lots
Volume step
0.01 lot
Quote / profit currency
USD
Swap long
−810.53 points
Swap short
325.01 points
Three-day swap
Friday
Published session
00:00–21:00, 22:00–24:00 platform time
Open full XAUUSD specifications

Sessions and swap values may change for holidays, liquidity conditions and scheduled maintenance.

Plan a scenario

Calculate a XAUUSD trading scenario before you trade.

For XAUUSD, profit or loss is the price change multiplied by 100 ounces per lot and the number of lots, before spread, commission, swaps and currency conversion.

Minimum price increment 1 lot × USD 1 = USD 100 Before trading costs Open XAU/USD calculator

Where to trade

Trade Gold your way.

Access XAUUSD through Mega1 in the browser, on desktop or mobile, or trade through MetaTrader 5.

Understand Gold trading before opening a position.

Why does gold rise when interest rates fall?
Gold earns no interest. When real interest rates fall, the income you give up by holding gold shrinks, so demand tends to rise. Rising real yields usually have the opposite effect.
How much do I need to trade gold?
The minimum trade is 0.01 lots, which is one ounce. For example, at a gold price of about $4,050 that is a position worth about $4,050, and at the first-tier leverage of 200:1 its margin is about $20. Leverage steps down as your exposure grows, and you need more than the margin in your account to absorb moves against you.
Is gold a safe haven?
Gold has a long record of attracting buyers during crises, wars and market stress, which is why it is called a safe haven. It is still volatile: its price can fall sharply, and a gold CFD carries the risks of leverage.
What is the difference between XAU/USD and the GLD ETF?
XAU/USD tracks the spot price of an ounce of gold and trades almost around the clock on weekdays. GLD is an exchange-traded fund that holds physical gold and trades on NYSE Arca during US market hours. At XBTFX you can trade both as CFDs.
What is XAUUSD (XAU/USD)?
XAUUSD is Gold quoted against the US dollar. The displayed price represents the USD value of one troy ounce, while one standard XBTFX lot represents 100 ounces.
Do I own physical Gold when I trade XAUUSD?
No. XAUUSD is a leveraged CFD, not a purchase of bullion. It provides price exposure but no ownership, storage claim or delivery right over physical Gold.
What moves the XAUUSD price?
XAUUSD can respond to the US dollar, real yields, interest-rate expectations, physical and industrial demand, supply conditions and changes in market risk. Spreads can widen in volatile or thin markets.
How is leverage applied to XAUUSD?
XAUUSD uses published exposure-based margin bands. The schedule is tied to notional exposure in this symbol, not account balance. Only exposure added above a threshold uses the next margin rate.
Can I trade XAUUSD with Pro or Standard pricing?
Yes, subject to account and platform availability. Pro uses a raw variable spread plus USD 2.75 commission per USD 100,000 traded. Standard uses a wider all-in spread without a separate commission line.

Risk warning

CFDs are complex instruments and involve a significant risk of loss due to leverage. Prices are indicative and may differ from executable account prices. Consider whether you understand how CFDs work and whether you can afford the risk. Risk Disclosure Notice

Ready to trade Gold against the US dollar?

Open an XBTFX account, choose Pro or Standard pricing, and access XAU/USD on a supported platform. Metal CFDs are high-risk leveraged products.

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Risk Warning: Trading CFD products carries a high level of risk and may not be suitable for all investors.