XAU/EUR

2041.845
0.72%

Daily
  • L. 2021.87
  • H. 2055.4
  • Ch. 14.76
  • Ch.% 0.72%
Overview
Costs & Margins
  • XAU/EUR is the ticker for the exchange rate between gold and the euro on the forex market. It represents the number of euros that would be needed to buy a troy ounce of gold.

    The euro is the second largest currency in the world after the US dollar, which makes XAU/EUR a popular alternative to the more heavily traded XAU/USD.

    Although the euro normally has an inverse relationship with the dollar, both tend to suffer losses against gold during economic downturns. That’s because gold is widely regarded as a store of value and a hedge against inflation.

  • Margin From
    5 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    10
  • Long
    0
  • Short
    0
  • Min Stop Distance
    0 Points
  • Guaranteed Order Minimum
    100 Points
  • Spreads
  • Spreads From
    0.57 Points
  • Margins
  • 0 - 3 800
    5 %
  • 3 800 - 7 600
    6 %
  • 7 600 +
    20 %
  • Dealing
  • Spreads
    0.57 Points
  • Guaranteed Order Min Distance
    100 Points
  • Margins
  • 0 - 3 800
    5 %
  • 3 800 - 7 600
    6 %
  • 7 600 +
    20 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
2055.38
Bid
2041.39
Offer
2042.3
Distance
0
Last Updated: 3/28/2024 9:00:00 PM
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Metals explained

What are the trading hours for metals?

You can trade most metals – including gold, silver and platinum – 23 hours a day from Monday morning to Friday , with a break from 08:00 to 09:00 AEST. However, there will be times when precious metal markets are more volatile and liquid than others.

The precise times for each market will vary depending on whether you’re trading its spot, futures or options variant. You can see a full rundown of the hours for each market on our commodity hours page.

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Can you day trade precious metals?

Yes, you can day trade precious metals including gold, silver, platinum and more. To day trade these precious metals, you need to ensure that you all your positions are closed by 5pm EST, which is 9am AEST. This avoids the risk of overnight gapping and funding charges impacting your bottom line.

CFD trading is a popular way to day trade precious metals. It enables you to speculate on metal prices without ever taking ownership of the markets themselves, and provides access to leverage to make your capital go further – although leverage will also increase your risk.

Learn more about CFD trading on precious metals.

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How do you trade metals?

There are a few different ways to trade metals. Most metals trading in the open market is executed via futures – derivatives that involve trading a metal on a set date in the future at a price set today.

To buy and sell metals futures, you’ll need an account with a futures broker. Or, you can trade on futures prices using CFDs – which enable you to go long or short on metals without ever taking ownership of the underlying asset.

Learn more about how to trade commodities.

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