Trading Gold: How It Works (2)

Gold is effectively a currency in the forex market. It is nearly always traded against the US dollar with the code XAU/USD. As a result, your strategy needs to track movements in the US dollar.

An increase in the price of the US dollar could push the value of gold down. So keep abreast of forex news websites for tips on upcoming trends and analysis.

Note gold trading hours on forex websites often run continuously around the clock. Key trading times around the world may vary, but the popular commodity is almost always available. Below weve detailed the crucial opening times and trading hours of some of the main gold exchanges.

Online trading hours in London, UK - Opens 08:00 - 17:00 (GMT)

Online trading hours in New York, USA - Opens 13:20 - 18:30 (GMT)

Online trading hours in Mumbai, India - Opens 04:30 - 18:00 (GMT)

Online trading hours in Dubai, UAE - Opens 04:30 - 07:30 (GMT)

Online trading hours in Jakarta, Indonesia - Opens 02:30 - 10:30 (GMT)

Online trading hours in Islamabad, Pakistan - Opens 05:00 - 13:00 (GMT)

Note gold trading times may vary over weekends and holidays. And while not listed above, online gold trading hours in Australia, New Zealand, South Africa, Thailand, Canada, The Philippines, and Europe run almost 24 hours a day.

Forex Brokers Allowing Gold Trades:

FXCM

XM

IC Markets