Journey to successful trading in gold

ATFX

Publish date: Mon, 22 Mar 2021, 02:51 PM

In the past, gold was considered the most sought-after metal among other precious metals, due to its combination of two basic values, namely the cultural and financial value. Gold has been an integral part of the world currency valuation during the twentieth century, as it was pegged to the US dollar until 1970.

Gold has always caused controversy and enthusiasm among investors in the global financial markets, given that trading in safe gold is considered compared to other financial commodities, so it is called by investors and traders the title of "safe haven" as gold has been able to maintain its position in the global markets by preserving for its value over the years and helping people build their fortunes from one generation to the next.

Although gold is always safe, there are some factors that affect the price of gold, including:

Central banks: As gold is closely linked with the interest rate of central banks through the various monetary policy decisions they take.
Jewellery industry and demand: The gold jewellery industry is still a big reason for increasing the demand for gold, so the price of gold increases due to the increase in demand for it by many different industries, and vice versa, the price of gold is affected if the demand for the yellow metal decreases.
Dollar: where gold is closely related to the price of the dollar in all its conditions, whether it is rising or falling.
Economic and political crises: Gold is used in periods of financial stress and political crises as a safe investment, as it has succeeded in preserving its value considering those crises.
Inflation: As gold becomes a stronger tool in cases of large inflation and recessions, so investors turn to it as a haven.

In addition to these factors, you should also choose a reliable broker with licenses from various regulatory bodies, as well as a broker that provides all services to support clients in various ways during their trading journey, to ensure that they enjoy an unparalleled trading journey.

ATFX is a co-brand shared by a group entities including:

AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: 1st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom.
AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: 1st Floor, First St. Vincent Bank Bldg, James Street, Kingstown, St. Vincent and the Grenadines.
ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A' Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.
AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with license Number C118023331. The Registered Office: Suite 207, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

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