Trading gold has been popular throughout history, once considered a lucrative business enterprise, requiring significant up-front capital. Nowadays, trading gold futures allows for investment to be made with relatively little capital, thanks to the leverage provided by brokerage firms.
The price of gold refers to its price per ounce in USD, and is measured in troy ounces (a troy ounce equals approximately 31.10 grams). Gold futures trading allow the possibility for traders to short sell and benefit from a falling market. You buy (go long) if you think prices will rise and you sell (go short) if you think they will fall.


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