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What Time Do the Gold Markets Open?

By Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

Gold is one of the most traded assets globally, and the best gold brokers offer tight spreads and algorithmic trading. Today, we will answer the question of when the gold markets open to help gold traders maximize their outcomes.

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Overview of Gold Markets Hours 

So, when does the gold market open? Well, gold trading hours depend on the instrument, as spot trading, futures, and options trading differ moderately and are often related to the trading times provided by gold brokers.

Gold trades almost 24 hours a day, five days a week, with a short 45-minute to one-hour break that marks the unofficial end of one trading session and the unofficial start of the next.

The gold market officially opens on Sunday at 21:00 GMT and closes on Friday at 21:45 GMT. Gold markets have an official break between 21:00 GMT and 21:45 GMT Monday through Thursday, but many brokers halt trading for one hour. Gold traders can check the trading hours their gold brokers offer inside the trading platform.

MT4 and MT5 traders can access trading hours from their platform by following these steps:

1. Right-click the desired symbol in the “Market Watch” window and select “Specification.”

2. Scroll down until you see “Sessions.”

Understanding the Gold Market Clock 

While gold traders can trade gold around the clock, knowing when the gold market opens at the most notable gold exchanges will help identify the most liquid trading periods with the lowest trading fees.

The best gold brokers offer raw market spreads. Some grant them commission-free, while others have competitive commissions with volume-based rebates.

Which Are the Most Significant Gold Markets? 

  • Loco London
  • COMEX (New York)
  • Shanghai Futures Exchange
  • Shanghai Gold Exchange

The most notable secondary exchanges are:

  • Dubai
  • India
  • Japan
  • Singapore
  • Hong Kong

The above exchanges offer nearly 24/5 gold trading. However, the official opening and closing times of equity markets in those cities provide the most liquidity and price action catalysts.

What Time Does XAU/USD Move the Most? 

The XAU/USD moves the most as a reaction to geopolitical developments that can negatively impact the global economy or if economic reports surprise or disappoint, including interest rate adjustments.

When Should Gold Traders Trade to Get the Best Results? 

Gold traders should trade according to their preferred gold strategies but the most significant price action catalysts come from economic reports, interest rate announcements, and geopolitical events. Despite their ability to move gold prices, they often create short-term volatility, making a well-defined strategy the best- factor in determining when to trade gold.

Bottom Line 

Gold is a highly liquid asset that trades nearly 24/5 and offers traders tremendous potential. The best gold brokers offer tight spreads and support algorithmic trading. Gold traders can improve their results by trading during the most liquid trading periods or in the aftermath of market-moving events, depending on their gold trading strategy.

FAQs

Can you trade gold anytime?

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Gold trading is available almost 24/5, allowing gold traders to trade gold anytime except on weekends.

What time is gold most volatile?

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Gold is the most volatile when economic reports surprise or disappoint, during interest rate adjustments, and as a reaction to geopolitical events, especially those with a perceived negative outcome on the global economy.

What is the time to trade gold?

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The trading strategy will determine the best time to trade gold. The most liquid gold trading times are when equity markets open and close in major gold trading centers, during economic news releases, or in the aftermath of geopolitical events.

Does gold trade 24 hours?

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Gold is the most volatile when economic reports surprise or disappoint, after interest rate adjustments, and as a reaction to geopolitical events, especially those with a perceived negative outcome on the global economy.

What time does XAUUSD open?

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XAUUSD has the same or very similar trading times to spot gold prices, and gold traders can check their trading platform for precise opening and closing times, which can vary among the best gold brokers.

What time do the gold markets open?

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The gold market officially opens on Sunday at 21:00 GMT and closes on Friday at 21:45 GMT.

Christopher Lewis
About Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.
 

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