Anno Domini
XAUUSD
Spot gold · USD per troy ounce
- Pip size
- 0.10
- Contract (1.00 lot)
- 100 troy oz
- Typical spread
- ~15 cents
- Max leverage
- 1:500
999.9 fine · spot quote
MT5 · cash settledMarkets · Metals
Gold and silver,
the original store of value.
Spot XAUUSD and XAGUSD on the same raw book as our forex majors — full leverage, tight spreads, no commission, MT5 execution. Hold a hedge against everything else, or trade the volatility.
Typical XAUUSD spread
~15c
per troy ounce
Maximum leverage
1:500
gold · 1:200 silver
Session
24/5
Sun 23:00 → Fri 22:00 UTC
Execution
MT5
raw book, no commission
The argument
A portfolio
counterweight.
Every other instrument on a trading screen depends on the same thing: that someone, somewhere, will keep honouring the paper. Metals do not. Two ounces of gold buy the same suit they bought a century ago. That is the whole pitch.
On a balance sheet that is a hedge — against currency debasement, against rate regime change, against the moment when correlated risk assets all start pricing the same headline at once. On a trading screen it is something else: a deep, liquid, 24/5 market with its own rhythm, its own technicals, and a volatility profile worth taking seriously.
XV
The two symbols
Twin standards.
We quote two metals. Both spot, both against USD, both on the same low-spread book.
Argentum
XAGUSD
Spot silver · USD per troy ounce
- Pip size
- 0.001
- Contract (1.00 lot)
- 5,000 troy oz
- Typical spread
- ~2 cents
- Max leverage
- 1:200
999.9 fine · spot quote
MT5 · cash settledThe case for each
Why gold. Why silver.
Au · 79 · 196.97
Risk-off classic
Why gold.
The deepest precious-metal market on earth. A central-bank reserve asset for two hundred years and a private-wealth one for considerably longer. When the prevailing regime gets uncertain, gold is where money goes to wait it out.
- Reserve
- Held on the books of every major central bank.
- Liquidity
- Deepest precious-metal market on earth — London, New York, Shanghai around the clock.
- Behaviour
- Classic risk-off. Bids when equities wobble, when real rates fall, when nerve breaks.
- Settlement
- Spot two-day convention; CFD settles cash in USD on the MT5 server.
Ag · 47 · 107.87
Higher beta
Why silver.
Half industrial metal, half monetary one. Demand from photovoltaics, electric vehicles and electronics has been climbing for a decade — and the market is small enough that a shift in either side prints quickly. The volatility cuts both ways.
- Industrial
- Photovoltaics, EVs, electronics, optics — physical demand grows with the energy transition.
- Monetary
- Smaller market than gold, higher beta — moves faster in both directions on the same risk impulse.
- Ratio
- Gold/silver ratio is a working barometer of the cycle for traders who watch the spread.
- Settlement
- Spot two-day convention; CFD settles cash in USD on the MT5 server.
Specifications
Spread, leverage, hours.
Trading week · UTC
24/5
- Sydney openWeek opens; thin book for the first hourSun 23:00 UTC
- Asia liquidityTokyo, Hong Kong, Shanghai fixings00:00 → 08:00 UTC
- London fix (AM)LBMA AM gold fix — reference print10:30 UTC
- London fix (PM)LBMA PM gold fix — most-watched bench15:00 UTC
- New York pitCOMEX overlap, peak volume13:30 → 18:00 UTC
- Weekly closeAll metals flat over the weekendFri 22:00 UTC
Daily rollover applies at 22:00 UTC. Holidays follow the LBMA / COMEX calendar; liquidity thins around major US bank holidays.
At a glance
- XAUUSD spread
- ~15 cents per oz
- XAGUSD spread
- ~2 cents per oz
- Gold leverage
- 1:500
- Silver leverage
- 1:200
- Commission
- Zero
- Execution venue
- MT5 raw book
Five thousand years
The Romans struck the first denarius from silver in 211 BC. The Bank of England has held gold continuously since 1694. The price is older than the chart.
· Open the vault ·
Hold something
that has never been zero.
Open a Bullion VIP account in under four minutes. Fund whenever you're ready, quote XAUUSD and XAGUSD inside MT5, run the volatility or hold the hedge. Free demo on request.