Pepperstone logo
Pepperstone logo

学习交易

GoldCommodities

What is the relationship between Gold and Forex markets?

Pepperstone
Trading Guides
2022年8月17日

The Gold Standard and global currencies

There has always been a link between gold and forex. Up until the middle of the 20th century, a country's currency value was directly linked to gold. This was known as the Gold Standard.

Each country that used the Gold Standard would have a fixed price for buying and selling gold. This price was used to determine the value of that country’s paper currency. 

The system had some notable flaws, and it was disbanded between 1931 and 1973. 

Similarities between Gold and Forex

Gold is regarded as a currency. Its price fluctuates freely and can be exchanged for fiat currencies around the globe such as the US Dollar or the Great British Pound. Although physical gold can be purchased and stored, it is not commonly used as a method of payment. 

The gold spot and futures markets are highly liquid. This means that they have many participants making it relatively easy to buy and sell large amounts without disrupting the market flow. 

Like currencies, the participants are Central Banks, adding or reducing their gold reserves, and speculators and traders looking to profit from price movements. 

Preview

Safe Haven 

Traders who are concerned about political instability or uncertainty in the markets may look to store their value in gold. 

Although there is no guarantee that the price of gold will not fluctuate, due to the fact there is a finite amount of gold globally, it will always hold a core value. 

It should also be noted that a government or central bank may decide to devalue a currency to help with the country's exports or to shrink its trade deficit. Gold is traded freely and cannot be manipulated. 

To find out the advantages of trading gold at Pepperstone, please click on this link.

這裡提供的資料並未根據旨在促進投資研究獨立性的法律要求進行準備,因此被視為市場營銷溝通。儘管它不受任何在投資研究傳播之前交易的禁制,我們不會在向客戶提供資料之前尋求任何優勢。

Pepperstone不代表這裡提供的材料是準確、及時或完整的,因此不應依賴於此。這些資訊,無論來自第三方與否,不應被視為建議;或者買賣的提議;或者購買或出售任何證券、金融產品或工具的招攬;或參與任何特定的交易策略。它不考慮讀者的財務狀況或投資目標。我們建議閱讀此內容的讀者尋求自己的建議。未經Pepperstone的批准,不允許複製或重新分發此信息。