You are about to be redirected to
The services on this website better suit your location
You are about to leave
www.instaforex.eu >
a website operated by
Open Account

Gold Futures Chart and Indexes

InstaForex Company invites you to get acquainted with one of the most stable and effective instruments of capital saving. Nowadays, almost everyone interested can get access to the global gold market and invest funds in this precious metal.

Gold trading chart

03 Feb 2023 23:59
Price Change (% chg)
Prev Close
Prev Close

Closing price, the previous day.

Opening price.
Day's High
Day's High

The highest price over the last trading day.
Day's Low
Day's Low

The lowest price over the last trading day
52-wk High
52-wk High

Price range high in the last 52 weeks
52-wk Low
52-wk Low

Price range low in the last 52 weeks

Advantages of gold trading

Gold has always been in high demand in the financial market. Analysts outline the following reasons why gold may bring profits:

– Gold is a highly liquid trading instrument
The gold market operates 24/7 every day and investors can exchange the asset for fiat currencies at any time. It is much easier and faster to sell gold than shares or bonds. This fact offers ample opportunities for speculative traders.

– Gold has low volatility
Gold stands as the most stable trading instrument. Its price rarely hikes or plummets as it usually happens to cryptocurrencies. That is why investors use gold to diversify their portfolios and reduce excessive volatility to avoid considerable losses.

– Gold is the best safe-haven asset
The precious metal tops the list of the best protective trading instruments. During turbulent times in the global economy and unstable geopolitical environment, risky assets and stock indices decline but gold prices tend to rise.

History of gold prices

In 1944, the Bretton Woods Agreement adopted the gold standard under which gold was the basis for the US dollar. Signed by 44 countries, the agreement fixed the price of gold.

Gold had been trading at $35 an ounce until former US President Richard Nixon unpegged the US dollar from gold in the early 1970s. From that moment, the precious metal entered a new era of pricing.

Between 1971 and 1980, gold showed the largest gains in its history. During that time, the value of the asset jumped by 24 times to $850.

Gold demonstrated another impressive rally after September 11, 2001. The 9/11 attacks greatly undermined confidence in the US dollar around the world but gold became more appealing. Over the next 10 years, its price rose to $1,920.

In 2020, the precious metal reached its peak in popularity. Mass asset purchases amid the pandemic pushed gold to an all-time high. The record price was $2,067.

Gold Trading

Record gold rally in the midst of the COVID-19 pandemic in August 2020

Instaforex News

*News Of The Day: Hong Kong Retail Sales Rebound In December .*  Other News: 1. Dollar Rises Against Major Counterparts On Strong Jobs Data  2. Treasuries Move Sharply Lower Following Stronger Than Expected Jobs Data  3. Crude Oil Futures Settle Sharply Lower  4. Gold Futures Settle Sharply Lower As Dollar Rises After Strong Jobs Data  5. Upbeat Jobs Data Buoys U.S. Dollar  6. U.S. Service Sector Activity Rebounds Much More Than Expected In January  7. *ISM U.S. Services PMI Jumps To 55.2 In January  8. Brazil's Service Sector Loses Growth Momentum Amid Inflationary Pressures  9. U.S. Job Growth Far Exceeds Expectations In January, Unemployment Rate Drops To 53-Year Low  10. U.S. Employment Spikes Much More Than Expected In January  
Take the first step towards your goal
Open account

InstaForex - proud sponsor of sporting teams:

Dakar Rally
Thefuture is coming -
InstaForex and Dragon Racing
Daria Kasatkina
– new InstaForex
brand ambassador

Videos from Instaforex

InstaWiki - Labor Market

The basics of fundamental analysis are a must for every trader. This type of analysis enables a trader to forecast further dynamics of currency pairs, thus contributing to successful trading. Fundamental analysts view a labor market as a good barometer to judge whether a currency of that country is attractive enough for investments.

InstaWiki - Crude oil

First and foremost, you should clearly understand what you are going to work with when picking a trading instrument. In this InstaWiki release, we will present a detailed analysis of oil as one of the trading instruments.

InstaWiki - Cryptocurrency

A few years ago, we got to know a new type of money, the cryptocurrency called bitcoin. Today, it is widely used for online shopping and even accepted for payments in some restaurants. What is more, bitcoin can bring you profit. Learn more about this from InstaWiki video.

InstaWiki - Inflation, Consumer Price Index, and Purchasing Power Parity

How do these concepts influence currency exchange rates? Why do central banks give inflation data high priority? You will find out about it from the next series of the video encyclopedia by InstaForex.

InstaWiki – Safe-haven currencies

A successful investor never panics. In times of geopolitical instability, natural disasters, and uncertainty about the future, traders seek shelter in safe-haven currencies.

InstaWiki – Carry trade. Swap

Carry trade and swap are ones of the most popular Forex terms. You will find a step-by-step guide on loss-free carry trading in this release of video encyclopedia from InstaForex.

InstaWiki – Fundamental analysis

What is the basis of fundamental analysis and should a trader pay attention to macroeconomic statistics? Make sure you are up-to-date with InstaWiki releases, the new format of information videos from InstaForex.

InstaWiki - Stock quote, chart. Technical analysis

What are Japanese candlesticks and how are the prices of currency pairs formed? Explanation for key Forex terms is provided in another video of InstaForex TV encyclopedia.

InstaWiki - Trend. ADX

Another InstaWiki video will unveil what a trend is and how to notice its soon reversal.

You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off