(Trading Symbol GC) - A precious metal traded on the spot and futures market.
The ‘spot’ price of gold is the going rate for a direct transfer of gold for cash. The current spot price is generally used as the benchmark gold value. The price of gold has an inverse relationship with the USD, meaning that as the gold price rises, the price of the USD falls. This is why buying gold has historically been a good way to hedge against inflation, as the gold value tends to hold over time.
Similar to trading currencies like the sterling pound, gold spot is an “over the counter” market. This means trading does not take place at an exchange, but traders rather come together on their own terms.
Leading expert in the gold trading market is Andrew Maguire. An independent bullion trader and a whistleblower. He notified United States regulators that fraud had been committed, manipulating prices in the international gold and silver market.
Free charting webinar
Mon, Nov 18th, 2013 12:00 PM - 1:00 PM EST
During the 60 minute session Paul Coghlan, founder of Coghlan Capital, looks at current charts for currencies, precious metals, US indices, highlighting turns and low risk entry points using the Median line analysis methodology.
Median line analysis reduces risk and increases the chartists ability to see trend direction, trend strength and highlight entry and exit levels.
Seats are limited so be sure to reserve your spot today. The webinar will be recorded, by signing up you'll receive an email with the webinar replay afterwards.