Metals CFDs
Gold trading (XAU/USD) and silver CFDs
Gold has been a store of value for thousands of years and XAU/USD is now one of the most traded instruments online. Trade gold and silver against the US dollar as CFDs, go long or short, and use the same account, app and terminal as your forex trades.
CFDs are leveraged products and carry a high risk of losing money rapidly. Read the risk disclosure.
- Instruments
- 2
- Typical XAU/USD spread
- 11.2 pips
- Standard account, variable
- Leverage up to
- 1:2,000
- Minimum trade
- 0.01 lots
Live prices
Live metals prices
Streaming bid and ask from the WoonFX feed. Prices update in real time while the market is open.
| Instrument | Bid | Ask | Spread | Change | Action |
|---|---|---|---|---|---|
| XAU/USDGold vs US Dollar | 4095.44 | 4096.56 | 11.2 | +0.75% | Trade |
| XAG/USDSilver vs US Dollar | 51.789 | 51.833 | 4.4 | -0.90% | Trade |
Indicative Standard-account prices from the WoonFX feed. Spread in pips for forex and metals, in price units for other markets. Change vs. the day's open.
How gold trading works
XAU/USD is the price of one troy ounce of gold in US dollars. One lot of gold on WoonFX is 100 ounces, and you can trade from 0.01 lots (1 ounce). A move of one dollar in the gold price changes the value of one lot by 100 USD.
Gold often moves when real interest rates, the US dollar or risk sentiment change. Many traders use it to hedge currency exposure or to trade around major economic releases.
Silver: a faster-moving metal
XAG/USD is the price of one ounce of silver. Silver is used heavily in industry as well as investment, so it can react to growth data as well as to the same factors as gold, and it is usually more volatile in percentage terms.
What moves metals prices
- Real interest rates and Fed policy
- The strength of the US dollar
- Inflation expectations
- Safe-haven demand during uncertainty
Contract specifications
Metals contract specifications
Contract size, price digits, lot limits, leverage cap, typical spread and overnight swaps for every instrument.
| Instrument | Contract size | Digits | Min lot | Lot step | Max lot | Max leverage | Typical spread | Swap long | Swap short | Triple swap |
|---|---|---|---|---|---|---|---|---|---|---|
| XAU/USDGold vs US Dollar | 100 XAU | 2 | 0.01 | 0.01 | 50 | Account max | 11.2 pips | -38.5 | 18.2 | Wednesday |
| XAG/USDSilver vs US Dollar | 5,000 XAG | 3 | 0.01 | 0.01 | 50 | Account max | 4.4 pips | -4.1 | 1.2 | Wednesday |
Typical spread is for the Standard account and varies with market conditions. Swaps are in points per lot per night; negative values are charges. Specifications can change: the platform always shows the current values. [Confirm before launch]
Trading hours
Metals trading hours
Weekly sessions in New York time. Holiday schedules are announced in the client portal.
Metals · 23 hours, Monday to Friday
Times in New York time (America/New_York) · 2 instruments
XAU/USD · XAG/USD
FAQ
Metals trading FAQ
More answers in the WoonFX help centre.
What is the contract size for gold (XAU/USD)?
When can I trade gold?
How do I calculate profit on a gold trade?
More markets
Explore other markets
Start trading metals with WoonFX
Register, verify and fund with USDT, BTC, ETH or bank transfer. Or start with a free demo account and practise first.
CFDs are leveraged products and carry a high risk of losing money rapidly. Read the risk disclosure.
- XAU/USDLive price
- XAG/USDLive price