Gold Commodity Intraday Tips

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Day trading gold poses a significant degree of risk.

Gold has been valued as a global currency for thousands of years. These days, it presents a major asset class, and is as good an investment as stocks, bonds, or real estate. Gold has also become popular with intraday traders, also known as day traders--individuals and firms buying and selling financial instruments, hoping to profit from their short-term price movements within the one-day trading time horizon.

  1. Mind the Risks

    • Like all intraday trading activities, intraday gold trading involves a significant degree of risk, as gold prices can move unexpectedly throughout the day. It is often impossible to predict which way gold prices will go, as unexpected economic or business news may emerge.

    Watch the World Economy

    • The gold price is closely linked to the health of the world economy and its prospects for the future. When investors are nervous, they buy into the relative safety that gold offers, driving up its price. When the world economy becomes healthier and more stable, the gold price falls.

    Watch Dollar Depreciation

    • Gold prices are denominated in U.S. dollars. Accordingly, gold rises in price when the dollar depreciates (drops against other currencies, as well as loses its buying power through inflation). Investors also buy gold when they have high inflation expectations, often because of high national debt.

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  • Photo Credit Perle aus Gold . Wasser . / Gold water image by Nazar Chabara from Fotolia.com

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