Gold is trending, and many people are talking about it.
Gold has been in the news recently and has overtaken the U.S. dollar as the world’s largest reserve asset. Some believe that, if market conditions are right, gold could move toward the $4,700–$4,900 range. I’ll also share a few things to watch if you’re interested in trading gold.
Where can you trade gold?
To trade gold, you need a broker account. Gold can be traded through spot markets, CFDs, ETFs, or futures on platforms like Robinhood, Bitget, Exness, HFM, and Kraken. Opening a broker account can be difficult at first because of KYC checks and document review delays. However, recent TradFi integrations on platforms like Bitget and Kraken have made this easier. My verification on Bitget took about five minutes, though it may take longer for others.
So which platform is best for trading gold?
This mostly depends on personal choice. But when looking at things like leverage, fees, funding speed, spreads, and how easy it is to set up an account, TradFi platforms tend to perform better than traditional ones.
I’ll be checking the charts soon and looking for a gold trade. I’ll share my analysis afterward.
