Troy Ounce
Troy Ounce
Forex Spot Market -
Have you ever given a gold ring to your friend as a token of your true love? Gold has been the most precious metal from the dawn of civilization. It is still considered to be the ultimate currency and the ultimate store of value in times of political uncertainty. For the last ten years, the gold market is in a secular uptrend with the spot prices having recently breached the historical barrier of $1,200 per troy ounce. After that there was a retracement and the prices did come down to around $1,100 per ounce but this uptrend is expected to continue for sometime.
In the last decade, many investors turned towards forex after the historic crash in the stock market. Many small investors lost more than 60-70% of their saving accounts in the stock market crash. Now, forex is a great money making opportunity. It is being said that forex trading will make many millionaires in this decade.
Many people don’t know this that you can trade gold on forex too. Many forex broker platforms that you use to trade forex, allow trading of gold and silver against the US Dollar (USD) from the same platform. Both these precious metals have high demand in the industrial sector and as the global economy recovers from the recession, the prices of gold and silver are expected to skyrockets as industrial production picks up and consumers start buying again. When you trade a currency pair, you go long on one currency and short on the other. In other words, you simply buy one and sell the other. Forex Spot Market
In case of spot gold trading on forex, you trade one ounce of gold in the spot market against the US Dollar (USD). So just like when you trade a currency pair, when you trade gold on forex, you are taking either a long or a short position in gold against USD. There are many currency pairs that you can trade like the GBPUSD, EURUSD, UADUSD, NZDUSD, JPYUSD. Spot trading gold on forex is almost similar with gold replacing one currency in the pair and the other currency is always USD.
So, in spot gold trading on forex, you are trading one troy ounce of gold against USD. Interestingly the symbol for this is also XAUUSD with XAU representing one ounce of gold. Now, suppose the price quote in the spot market is 1100 XAUUSD. What this means is that one troy ounce of gold in the spot market right now is equal to $1,100 USD.
Just like any other financial market, the price quote in the gold spot market has got a bid/ask spread. So if the price quote is 1110/1115, it means that you can sell one troy ounce of gold in the spot market for $1,110 and buy one troy ounce of gold at $1,115 meaning you will have to pay a spread of $5 per troy ounce when trading in gold in the spot market.Spot gold trading on forex is a fast moving market and the spread keeps on changing throughout the day.
Now a standard lot in currency trading is equal to $100,000. But in case of gold on forex, a standard lot is equal to 10 troy ounces of gold. So, if you find the price quote to be 1112/1117 and you are interested in going long. In that case you will have to buy 1 lot of gold that is equal to $11,170. Spot gold market is a fast moving market and the price quotes keep on changing. So, suppose just after 60 minutes, you find the quote to be 1120/1126. You see a profit and decide to get out selling at $11,200 making a profit of $30. Now if you had used leverage, you would have needed a much lower initial investment to make a profit of $30 in just 60 minutes.
Gold is also know as anti dollar. What this means is that their is an inverse correlation between gold and USD. This inverse relationship can help you hedge your positions in other currency pairs. Forex Spot Market
About the Author
Always dream of being Rich? Never able to make a Consistent Profit through trading?
Get your Forex Spot Market ebook and be Successful forever!
Try this Surefire Forex Challenge and see the results Yourself!
1st Troy Oz package
|
|
100 1oz U.S. GOLD EAGLES 100 troy ounces Brilliant Uncirculated BU gold bullion $174,999.00 |
|
|
SOLID GOLD DALI SCULPTURE 8.7 TROY OUNCE MUSEUM PIECE $77,000.00 |
|
|
.9999 Pure Solid Silver 1000 Troy Ounces Canada Maple Leaf $5 Coins Uncirculated $53,999.99 |
|
|
.9999 Pure Solid Silver 1000 Troy Ounces Canada Maple Leaf $5 Coins Uncirculated $52,999.99 |
|
|
FREDERIC REMINGTON RATTLE SNAKE Statue .999 1000 Pure Troy Ounce Silver! Invest! $49,925.00 |
|
|
FREDERIC REMINGTON Bronco Buster Statue.999 1000 Pure Troy Ounce Silver! Invest! $49,925.00 |
|
|
1000 TROY ounces ENGELHARD SILVER .999 PURE BULLION BARS Investment Metal $42,000.00 |
|
|
TWENTY-FIVE DOLLAR GAMING TOKEN, ONE TROY OUNCE .999 FINE SILVER $28,000.00 |
|
|
500 TROY ounces ENGELHARD SILVER .999 PURE BULLION BAR Investment Metal $21,000.00 |
|
|
500 Coins 2012 American Silver Eagle Coins Green Monster Box 500 Troy Ounces $19,511.04 |
|
|
10 oz Troy Ounces Assayed Pamp Suisse .9999 Gold Bar Ingot Coin Bullion Credit ! $19,000.00 |
|
|
10 oz Troy Ounces Assayed Pamp Suisse .9999 Gold Bar Ingot Coin Bullion Credit ! $19,000.00 |
|
|
10 oz Troy Ounces Assayed Pamp Suisse .9999 Gold Bar Ingot Coin Bullion Credit ! $19,000.00 |
|
|
10 oz Troy Ounces Assayed Pamp Suisse .9999 Gold Bar Ingot Coin Bullion Credit ! $19,000.00 |
|
|
1 KILO 32.15 Troy Ounce Gold Bar – Johnson Matthey – No Reserve!!!! $18,100.00 |
|
|
10 Gold 24K 2012 American buffalo 1 Troy oz Bullion Coins $17,316.00 |
|
|
10 Gold 1 oz. 2012 American Eagle Uncirculated Coins One Troy Ounce bullion $17,316.00 |
|
|
Vintage Tiffany & Co. Heavy Sterling Silver 5 piece Tea Set with over 91 oz troy $15,900.00 |
|
|
TIFFANY & CO C1854 STERLING SILVER 4 PC COFFEE & TEA SET 96 TROY OUNCES $9,900.00 |
|
|
100 Greatest MasterPieces Set (214 Troy Oz.) Proof Sterling Silver Coin Set $8,995.00 |
|
|
5 Gold 1 oz. 2012 American Eagle Uncirculated Coins One Troy Ounce bullion $8,705.00 |
|
|
Gorham Soverign Sterling Silver Set 9 pc setting for 11 people. Over 148 oz troy $8,575.00 |
|
|
Gorham Sterling 6 piece tea set over 137 oz troy with silver-plated tray $8,280.00 |
|
|
Reed & Barton Sterling Silver Burgundy Coffee & Teapot, Set 101.12 oz troy and T $8,130.00 |
|
|
200 Coin 2012 American Silver Eagle 10 Rolls 999 Fine Silver 200 Troy Ounce GEM $7,806.14 |
|
|
20 Oz. ULTRA RARE 1994 Chinese Unicorn 20 Troy Oz. .999 Fine Silver Coin $7,500.00 |
|
|
1986 Liberty Trade .999 Silver Bullion Bar 100 troy Oz – RARE Give-Away – z684 $7,500.00 |
|
|
Ron Paul #32 Platinum 1 troy ounce From Liberty Dollar Norfed Very Rare! $7,500.00 |
|
|
International Prelude 5 piece Sterling Silver Tea Set (total 77.4 troy oz). $7,350.00 |
|
|
Reed & Barton Sterling Hampton Court Gorham 6 piece Tea Set over 121 oz troy. $7,250.00 |
|
|
19 Proof-Like rolls of silver dollars 1960-1967 228 Troy ounces of lovely coins! $7,193.89 |
|
|
Puritan Tea Set by Gorham 5 piece Heavy & Regal 86.4 oz troy of sterling silver. $7,130.00 |
|
|
180 Coins 2012 American Silver Eagle 9 Rolls 999 Fine Silver 180 Troy Ounce GEM $7,020.28 |
|
|
WSR Silver Bar 100 troy oz Collectible exact weight 100.02 ozt $6,700.00 |
|
|
WSR Silver Bar 100 troy oz Collectible exact weight 98.97 ozt $6,450.00 |
|
|
160 Coins 2012 American Silver Eagle 8 Rolls 999 Fine Silver 160 Troy Ounce GEM $6,281.59 |
|
|
1985 Engelhard 1 Troy Oz .999 Fine Silver Prospectors Lot of 100 Gem BU B1739L $6,277.00 |
|
|
1984 Engelhard 1 Troy Oz .999 Fine Silver Prospectors Lof of 100 Gem BU B1737L $6,277.00 |
|
|
GORHAM ROCOCO STERLING SILVER COVERED CUP 105 TROY OUNCES W@W!!! $5,950.00 |
|
|
1 pamp troy oz gold 999.9 $5,840.00 |
|
|
Engelhard .999 Fine Silver Lot of Ten 10 Troy Ounce Poured Type Ingots B3019L $5,777.00 |
|
|
Alvin Vintage Sterling Silver French Scroll 4 piece Tea Set over 68 oz troy. $5,540.00 |
|
|
140 Coins 2012 American Silver Eagle 6 Rolls 999 Fine Silver 140 Troy Ounce GEM $5,527.15 |
|
|
B.R. MacKay & Sons .999 Fine Silver 103.66 Troy ounce Poured Ingot B4101L $5,477.00 |
|
|
Engelhard .999 Fine Silver 100 troy ounce Ingot Bar Struck type B3022L $5,477.00 |
|
|
Engelhard .999 Fine Silver 100 Troy Ounce Ingot Bar Struck B3017L $5,477.00 |
|
|
Engelhard .999 Fine Silver 100 Troy Ounce Ingot Bar Struck B3020L $5,477.00 |
|
|
Simmons Refining Co. 999 Silver 100 troy ounce ingot T2834L $5,477.00 |
|
|
Degussa Feinsilber .999 Silver 100 troy ounce Ingot Old Poured Style B4380L $5,277.00 |
|
|
3 Gold 1 oz. 2012 American Eagle Uncirculated Coins One Troy Ounce bullion $5,255.00 |
|
|
3 Gold 24K 2012 American buffalo 1 Troy oz Bullion Coins $5,255.00 |
|
|
18K YELLOW GOLD MESH STYLE NECKLACE WITH ONE TROY OUNCE 999.9 PAMP PENDANT 24K!! $5,222.00 |
|
|
Dominick & Haff Sterling Silver Repousse 27″ Tray, 127 Troy Ounces $5,000.00 |
|
|
JOHNSON MATTHEW 100 Troy Oz. .999 Fine Silver Bar $4,995.00 |
|
|
SILVER 100 Troy Oz Fine Pure BAR 999+ ENGELHARD $4,980.00 |
|
|
1986-94 Giant Commemorative Silver Eagle .999 Eight Troy Ounces Set of 9 B3500L $4,959.00 |
|
|
100 Troy OZ Engelhard Silver Bar .999 fine Silver Bullion Bar $4,899.99 |
|
|
Reed & Barton Hampton Court 5 Piece Sterling Tea Set 81.16 Oz Troy $4,880.00 |
|
|
█168 Troy OZ 4 piece set Sterling Silver Royal Danish Tea Set + Tray █ $4,800.00 |
|
|
120 Coins 2012 American Silver Eagle 6 Rolls 999 Fine Silver 120 Troy Ounce GEM $4,767.50 |
|
|
100oz 99.9% pure certified silver bullion bar Sunshine Mining 100 Troy Ounce $4,750.00 |
|
|
JHONSON MATTHEY 2 X 1 OZ TROY PURE GOLD SEQUENCE SERIAL # BULLION $4,699.99 |
|
|
SILVER 100 Troy Oz Fine Pure BAR 999+ ENGELHARD $4,680.00 |
|
|
Engelhard 100 TROY OZ Silver Bar Serial # P668494 $4,500.00 |
|
|
120 PIECE GORHAM VERSAILLES STERLING SILVER FLATWARE OLD HALLMARK 121 TROY OUNCE $4,499.00 |
|
|
Reed & Barton The Pilgrim Sterling 5 piece Tea Set total weight 65.74 oz troy $4,430.00 |
|
|
Beautiful Gorham Plymouth Sterling Silver 5 piece Coffee Tea Set 71.54 oz troy t $4,395.00 |
|
|
Reed & Barton English Sterling Silver 4 piece Tea Set over 56 oz troy with Silve $4,350.00 |
|
|
1941-1942 Gorham Puritan Fancy 5 piece Coffee Tea Set 69.61 oz troy $4,200.00 |
|
|
★Lot of 100 Old AMARK Stacker 31.1 Gram ingots 1 Troy Ounce Each Old Unique Fat★ $4,195.00 |
|
|
100 TROY-OZ STAGECOACH .999 SILVER– SAVE AS RETIREMENT INVESTMENT $4,190.00 |
|
|
22 Proof-Like rolls of halves 1960-1967 132 Troy ounces of silver lovely coins ! $4,159.73 |
|
|
Gorgeous Belgium “Wolfers Frères” Silver 800 Lidded Soup Tureen- 62.44 troy Oz. $4,100.00 |
|
|
Beautiful 5-piece Gorham Sterling Portsmouth Coffee & Tea Set 67.74 oz troy $4,065.00 |
|
|
100 Coins 2012 American Silver Eagle 5 Rolls 999 Fine Silver 100 Troy Ounce GEM $4,060.24 |
|
|
100 Troy Ounce .999 Silver Bar Sunshine Mining 1984 Fine Bullion $3,999.99 |
|
|
Antique Tetard Freres Sterling Silver Tray – 80.94 troy ounces $3,999.99 |
|
|
TWO DECO GEORG JENSEN STERLING 11 TROY OUNCE WATER GOBLETS HAROLD NIELSEN #532 C $3,995.00 |
|
|
1987 Australian Gold Nugget Proof Set total of 1.85 troy oz of 999.9 fine gold $3,995.00 |
|
|
Elegant & Finely Detailed Set of Sterling Silver Fighting-Cocks 64 troy oz $3,990.00 |
|
|
Five BU Rolls of 2012 American Silver Eagles .999 Silver 100 Troy Ounces $3,975.00 |
|
|
Gorham Plymouth Pattern 4 piece Sterling Coffee & Teapot Set 57.9 oz troy. $3,950.00 |
|
|
999+ fine silver 100 troy oz bar Engelhard $3,900.00 |
|
|
Gorham Plymouth Antique Sterling Tea Kettle 39.93 oz troy $3,900.00 |
|
|
TIFFANY & CO 3 PC STERLING 925-1000 TEA & COFFEE SET C 1930 FINE 48.11 TROY OZ $3,800.00 |
|
|
American Weigh 600 Gram Jewelry Scale $5.99 Product FeaturesTenth of a gram accuracy (0.1g)600 gram Maximum CapacityFlip-Open Protective CoverIncludes two AAA batteriesPlatform Size: 2.5 x 3.0″ The American Weigh 600 is a compact pocket scale for those who are seeking on go portability and durability. The backlit LCD display helps make the numbers viewable and easy to read. The intuitive protective cover provides protection for the scale. S… |
|
|
Reliable and Accurate Digital Food-Grade Coffee Scale $10.99 The DW600BX is made with a high quality strain gauge load cell system makes it accurate in full capacity range. High density ABS housing and metal support makes it very durable. Large attractive and high contrast blue back lit LCD display makes the readouts clear to read. TARE function allows you to reset scale to ‘0.0′ units while in use. The clear plastic lid also doubles as an expansion tray… |
|
|
ProScale LC300 Digital Scale $14.60 The ProScale LC300 Digital Scale can weigh up to 300g to the tenth of a gram (0.1g). This incredibly accurate scale is infamous for it’s durability and large LCD screen. Operating on AAA batteries, the ProScale LC300 Digital Scale comes with a 5 year warranty. The protective hard cover can double as an expansion tray for weighing. Precision: .1g Capacity: 300g Modes: g, oz, dwt, ozt Power Options:… |
|
|
Black History Month 2011 This exclusive compilation, created specifically for Black History Month, includes 12 songs tied to major events in African-American history – from Rosa Parks’ arrest in 1955 to the inauguration of our country’s 44th President, Barack Obama. Track listing: 1. Ray Charles – I Got A Woman 2. Doris Troy – Just One Look 3. Solomon Burke – Cry To Me 4. Wilson Pickett – In The Midnight Hour 5. Aretha Fr… |
|
|
Briggs & Stratton Synthetic Pressure Washer Pump Oil – 5.3 oz 190585GS $6.05 Genuine Briggs & Stratton pressure washer synthetic pump oil. Contains 5.3 Fl. Oz…. |
|
|
WS78045 LENOX Brazing Alloy 45% 1 Troy Ounce $60.28 45% Silver, 25% Zinc, balance Copper Melting temperature: 1225? – 1500? F Meets AWS Bag-5 Sold in troy ounces 56% Silver, 17% Zinc, 5% Tin, balance Copper Melting temperature: 1145? – 1500? F Meets AWS Bag-7 Sold in troy ounces Cadmium free silver brazing wire Very high strength joints… |
|
|
WS78013 LENOX Brazing Alloy 45% 5 Troy Ounce $241.05 45% Silver, 25% Zinc, balance Copper Melting temperature: 1225? – 1500? F Meets AWS Bag-5 Sold in troy ounces 56% Silver, 17% Zinc, 5% Tin, balance Copper Melting temperature: 1145? – 1500? F Meets AWS Bag-7 Sold in troy ounces Cadmium free silver brazing wire Very high strength joints… |
|
|
Olay Complete All Day UV Moisturizer, SPF 15, 6 Ounce (Pack of 2) … |
|
|
Bengay Ultra Strength Pain Relieving Cream, 2 Count, 4 Ounces Box $6.99 Ultra Strength BENGAY® Cream is the strongest BENGAY formula ever. It provides fast relief from minor arthritis, backache and joint pain. It has three pain relieving active ingredients, more than any other BENGAY® product; Camphor, Menthol and Methyl Salicylate…. |
|
|
Preparation H Hemorrhoidal Ointment, 2-Ounce Tubes (Pack of 2) $14.92 Prevents further irritation. Prompt soothing relief from painful burning, itching and discomfort. Shrinks swollen hemorrhoidal tissue. Protects irritated tissue. Relieves internal and external discomfort. Made in USA…. |
|
|
McCormick Gourmet Parsley Flakes, 2.5 oz $4.99 Parsley Flakes Gourmet Collection 2.5 Ounce Shaker…. |
|
|
McCormick Salad Topping. Regular, 12-Ounce Plastic Bottle (Pack of 3) $30.38 McCormick Salad Topping is a crunchy topping for all tossed salads. This topping, with its flavorful ingredients, including sunflower seeds, soybeans, onion and carrots, gives your salads a crunchy, colorful enhancement… |
|
|
Mrs Dash Original Salt Free Blend, 6.75-Ounce Units (Pack of 6) $31.90 Mrs dash original salt free blend, 6.75-ounce units (pack of 6) for fish seasoning, chicken seasoning, and more! An all-purpose, versatile blend of 14 savory herbs and spices, Mrs. Dash Seasoning Blends onion, black pepper, parsley, basil, orange peel and tomato add flavor excitement to any dish…. |
|
|
NEW Buffalo/Indian Head Nickel Art Coin 1 TROY OZ .999 SILVER BULLION $39.95 This is 1 Troy Oz. coin made of .999 Pure Silver and shaped into the form of an old Buffalo nickel. Silver is an excellent investment (if it’s pure) because no matter how much value the American dollar loses, silver will hold its value as precious and desired commodity. And this coin is especially collectible because of its craftsmanship and artistic value…. |
|
|
5 Grain .999 Fine Pure Solid Gold Bullion Bar $31.99 5 grain 24K .999 Fine Pure Solid Gold Bullion Bar. Investment grade gold. Front of bar is stamped 5 Grains, back of bar is stamped Gold .999 Fine. Uncirculated rare minted gold bars…. |
|
|
45 Silver Solder 1/16 5 Troy Ounce Cadmium $97.49 Weldcote Metals 45% Cadmium- Free silver solder Size: 1/16″ Weight: 5 Troy ounce Basic alloy information and application data: Excellent general purpose. Ductile. Good fillets. Brass Parts AWS A5.8 BAg-5… |
|
|
Troy Lee Designs TLD Water Bottle $8.00 Troy Lee Designs TLD Water Bottle The TLD Water Bottle is a refillable bottle that holds 24 ounces of your favorite drink for long rides or long days in the shop or office… |
|
|
45 Silver Solder 1/16 50 Troy Ounce Cadmium $1,411.93 Weldcote Metals 45% Cadmium- Free silver solder Size: 1/16″ Weight: 50 Troy ounce Basic alloy information and application data: Excellent general purpose. Ductile. Good fillets. Brass Parts AWS A5.8 BAg-5… |
|
|
1 NEW 600 x 0.1 gram DIGITAL LAB SCALE-Electronic Pocket Tool for Chemistry, Chemical Test, School Classrooms, or Home! $9.04 The DW600BX is made with a high quality strain gauge load cell system makes it accurate in full capacity range. High density ABS housing and metal support makes it very durable. Large attractive and high contrast blue back lit LCD display makes the readouts clear to read. The clear plastic lid also doubles as an expansion tray. –We stand behind our products. If you receive a damaged or defective… |
|
|
NEEWER® Digital Herb Scale – Grams / Ounces $6.96 pre-calibrated. Excellent for high-precision measurements. Ideal for weighing gold, silver, precious gems, herbs, and mail. Cool Blue backlight allows easy reading in any light conditions. The pocket scale you are bidding for comes in Black color. * Safe for both at home and in the professional shop use. *Units selection:g/ oz/ ozt/ ct/ dwt/ gn. *Power: 1.5V ×2 AAA battery. *Size: 125 x… |
Write a comment: