Online gold trading UK allows you to trade the price of gold through a CFD broker. This type of trading is popular with traders who want to gain exposure to the commodity without buying physical bullion or stocks.

In addition to CFDs, you can also buy physical gold directly from a company such as Direct Bullion. You can choose from a variety of coins and bars that come in different sizes (and costs). These purchases are usually subject to VAT, but may be eligible for Capital Gains Tax exemption (if they’re placed into an ISA or pension scheme).

Alternatively, you could invest in a gold ETF. These are bought and sold like a stock, but they take their value from either the price of gold or a group of gold stocks. Consequently, the price of an ETF will rise and fall in line with the prices of these assets.

Online Gold Trading in the UK: A Comprehensive Guide

The price of gold tends to be volatile, especially around European and US market opening times. It can also be volatile during political events, or when there’s high levels of market uncertainty. This is why it’s often seen as a safe-haven asset, and an important part of a diversified long-term investment portfolio.

When it comes to analysing the price of gold, traders look at both technical and fundamental analysis. The key is to find a trend that’s likely to continue, and then to analyse whether it’s an opportunity to enter the market. Technical traders can use simple techniques such as connecting previous lows or highs to identify support and resistance levels, whilst advanced traders can apply chart patterns such as double tops or heads and shoulders.