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How to trade gold in Forex?

Clark Kenneth


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Hello, thank you for asking this question! 

Gold is becoming increasingly popular among Forex traders, as it represents a secure investment that defies inflation and outside events. Especially in times such as these, where because of the Covid-19 pandemic, many governments and their economies have suffered, and thus currency of these have lost in value.

When it comes to gold trading, the same rules apply as for currencies, you choose the currency which you will pair with gold, and you are all set. Pay attention to the industrial and commercial demand for it, you need to track real interest rates, and pay attention to gold production rates. All of these bear great influence over its value and trading volume.

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