   XAUUSD price today | SimpleFX                                            
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```
 
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```
 
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```json
{ "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is Gold($) (XAUUSD) and how can I trade it?", "acceptedAnswer": { "@type": "Answer", "text": "Gold($) (XAUUSD) is a financial instrument CFD available on SimpleFX. You can trade it by creating a free account, depositing funds, and opening a position directly from the trading platform. No minimum deposit is required." } }, { "@type": "Question", "name": "What is the spread on XAUUSD?", "acceptedAnswer": { "@type": "Answer", "text": "The target spread on XAUUSD at SimpleFX is 0.32 pips. SimpleFX uses a spreads-only pricing model with no additional commissions." } }, { "@type": "Question", "name": "What leverage is available for XAUUSD?", "acceptedAnswer": { "@type": "Answer", "text": "XAUUSD can be traded with up to 1:200 leverage on SimpleFX, which corresponds to a margin requirement of 0.50%. Leverage amplifies both potential gains and losses." } }, { "@type": "Question", "name": "What currency is XAUUSD margined in?", "acceptedAnswer": { "@type": "Answer", "text": "XAUUSD positions on SimpleFX are margined in USD. Your account balance in USD is used to cover the margin requirement for this instrument." } }, { "@type": "Question", "name": "What is the contract size for XAUUSD?", "acceptedAnswer": { "@type": "Answer", "text": "The standard contract size for XAUUSD on SimpleFX is 100. Position sizes are calculated based on this contract unit." } } ] }
```
 

78% of retail investor accounts experience cash losses as a result of trading CFDs with this CFD provider.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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*   XAUUSD

[XAUUSD price today](https://app.simplefx.com/instruments/XAUUSD)
=================================================================

Gold($)
-------

4 612.38 USD

\-13.41 (-0.29%)

1H

4H

1D

1W

1MN

XAUUSD Key Statistics
---------------------

Open price

4625.79

High today

4659.37

Low today

4559.67

52 Week high

5596.2

52 Week low

3248.81

##### Trading hours

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UTC 00:00

Sunday

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Monday

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Tuesday

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Thursday

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##### Symbol trading specification

Description

XAUUSD

Exchange

OTC

Base Currency

USD

Quote Currency

USD

Contract size

100

Margin

0.50%\*

\* for 1:1000 account leverage

Tick size

0.01

Target Spread

0.32

Stop levels

0

Swap - Buy

\-0.0511%

Swap - Sell

\-0.0080%

Minimum contract size

0.01

Maximum contract size

100

Type

Metals

[Trade Gold($)](https://app.simplefx.com/instruments/XAUUSD/chart)

### About XAUUSD

**One of the biggest markets for gold is the United States and it can be seen in the XAUUSD index. The relationship between spot gold price and the US dollar has a great history. Today the New York Stock Exchange (NYSE) and Chicago Commodities Trading Center are the two main markets for determining gold prices in US Dollars.**

#### What is XAUUSD?

The XAUUSD price shows how many USD traders need to pay for an ounce of pure gold. Since 1971, the price of gold has been increasing due to the ban on the solid equivalency of one ounce of gold for 41 USD. That happened during Nixon's administration, and ever since, we have seen the spot mini gold index increase.

The XAUUSD index shows investors how much an ounce of gold in the American market costs. The price has to do with gold being readily deliverable to purchasers and investors. That means when you buy an ounce of gold, you need to be ready to store it physically.

In reality, XAU/USD has to do with contracts between buyers and sellers having a premium for the secure storage of the commodity. It is essential for those who want to explore [how to trade XAUUSD](/how-to-trade/XAUUSD).

#### How does XAU USD work?

Traders can negotiate the price of a gold ounce from 10 AM to 4 PM every business day in Eastern Standard Time (New York City Time).

However, some more complex gold transactions in Chicago use Central Time. When the demand for gold becomes more apparent than the supply, the gold price goes up in US dollars. However, when there are lower interest rates in the economy and the growth is apparent, the XAU USD plummets, and that's what traders eager to explore [how to invest in XAUUSD](/how-to-invest-in/XAUUSD) should keep in mind.

#### Gold price today

The **XAUUSD price today** can be checked on the SimpleFX platform and website. Some traders want to explore the price of a gram of gold, as these smaller samples are vital for branches such as jewelry.

#### XAU/USD: Gold chart

Traders can check the XAU/USD chart on the SimpleFX platform and above the instrument description. The **gold chart** can be used to analyze the potential changes during the previous economic events that might affect the price of the asset.

#### XAUUSD price history

Here are the short historical ranges of the XAUUSD index that included many economic and political turmoil affecting the index price:

**2020**  
As the year had an economic pause in industrial production, the gold price index went up to 1,812 USD to anticipate global recession fears. 2020 was one of the years of exponential growth for XAUUSD investors.

**2021**  
The stabilizing effect of higher interest rates in the US economy moved the spot mini gold in the USD index close to 1,890 USD. That flagged a non-significant change in the index, and investors could not expect more of a return on their investment.

**2022**  
The price has not changed for the third consecutive year and closed close to 1,800 USD in December 2022. The effects of the War in Europe and inflation in the US market made the index stay in its current position, having a subsidy from the FED bank to avoid the rapid devaluation of the US dollar.

#### Is XAUUSD a good investment?

XAUUSD investing might be a solid solution for individuals and businesses. However, before investing, everyone must do the required research about the commodity.

[Read more Close](#)

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