Last Updated :
06 March 2009 at 11:10 IST
24-hour spot gold trading from FOREX.com
Commodity Online
NEW YORK: Do you want to trade spot
Gold 24-hour? GAIN Capital, that runs the global online foreign exchange (forex) services called Forex.com has launched an innovative online platform for trading in spot gold.
Launched in the last week of February, the gold spot trading at Forex.com offers a number of following benefits:
**Commission-free trading (pay only the bid/offer spread)
**24-hour trading from Sunday 6 p.m. ET - Friday 5 p.m. ET
**Low 2% margin requirement
**Competitive dealing spreads, as low as .50 points
**Small contract sizes available (1 contract = 10oz)
"The current economic climate is generating a lot of market interest in gold," says Tim O'Sullivan, chief dealer at GAIN Capital. "Short term traders are taking advantage of the daily volatility and longer term investors are buying
Gold as a store of value in these troubled economic times and as a hedge against inflation expectations."
"Spot gold is a natural product extension to our core forex offering," added Glenn Stevens, GAIN's Chief Executive Officer. "Three of gold's most powerful drivers are market factors that forex traders already follow closely: the strength of the U.S. dollar, the price of oil, and inflation expectations."
GAIN Capital is a market leader in the rapidly growing online foreign exchange (forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume in excess of $200 billion per month.
MCX ALUMINI 30 April 2012
contract was trading at
Rs 111.45 , up Rs. 0.85 . What's your view on it?
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