You are wrong my friend. We need huge equity to trade in gold and the huge spread can lead us to huge loss too. You must never forget that my pal if you are true trader. The spread is that way because of the volatility of gold. Gold can move 1000 pips in 1 hour so people can easily make profits from it. Also the spread is not really in pips, but in cents, because gold is measured in terms of the US Dollar.