1 May, 2018
The minimum amount of contract is 100 ounce for Gold and 5000 ounce for Silver. Quotes for Gold and Silver are shown in USD and Euro. You can see it from the name of the contracts.
Nowadays prices for Gold and Silver are quoted in USD and Euro.
The leverage varies from 1:1 to 1:1000. Spread is 5 USD per contract both for gold and silver.
You can open both long (buy) and short (sell) positions. But remember that if you roll over your position to the following day the swap/rollover is charged. Swap varies depending on the asset and trader’s position (long or short)
Gold prices are set every day on the London Gold Fixing – a traditional ceremony which gold market-maker banks take part in. Object of the trade is good-deliver bullions – bullions of standardized size and quality.
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