Swap for gold, how large is its size and how does it affect the outcome of the transaction

When trading gold on the exchange, there are two types of commissions, the first is the spread, which is charged when opening a transaction, and the second is the swap, which is charged when the position is rolled over to the next day.

swap gold

That is, if you made a purchase of gold today, and close the transaction only tomorrow, then a certain amount will be debited from your account for transferring the position to the next day.

The amount of the charged swap directly depends on the amount of the transaction, the size of interest rates and the brokerage company through which you opened it.

If your trade is not closed on a weekend or holiday, you will still pay Swop for those days, even though the exchanges are closed.

Next, we will try to figure out how large the swap is for the XAUUSD and how it affects the financial result of the transaction.

What is the gold swap size at different brokerage companies?

Depending on the broker and the direction of the transaction, the swap value also changes:  

№

    Name

   Swap shorts 

   Swap long

 

 Initial deposit

   US dollars
1

   Alpari

www.alpari.com
+21,74
-36,14
 10
2

   RoboForex

www.roboforex.org
-7,44
-13,30
10
Does not work with residents from the Russian Federation
3

  AMarkets

  www.amarkets.org
+5,80
-32,70
100
4

  Forex Club

  www.fxclub.org
-12,35
-2,02
200
Does not work with residents from the Russian Federation
5

  Broker InstaForex

http://instaforex.com/ru/

brokers gold
-21,82
-7,01
100
 

As you can see, the swap value for gold is not always negative; for uncovered sell transactions, some brokers charge a positive percentage. As a result, for each new day you still receive additional profit. So, gold can also be used in the Carry Trade .

Since the values ​​are presented in points, at first glance, it is quite difficult to understand how large the commission amount for transferring an order is.

For a better understanding, let's try to convert points into percentages taking into account the current price of gold.

One of the brokers has a swap value for the XAUUSD pair of 13.3 points per lot, that is, per 100 ounces. Today's gold price is at $2023 per troy ounce or 202300 per 1 lot

It is easy to calculate the approximate percentage = 13.3 / 202300 x 100% = 0.0066% per day or 0.0066% x 365 = 2.4% per annum.

What impact does the Swap commission have on the outcome of the transaction?

It all depends, first of all, on how strong the price change will be during the existence of the transaction.

For example, you bought 1 lot of gold, within a month the price rose by 45 dollars and your profit was 45x100=4500 US dollars.

At the same time, you paid a swap of 30x13.3 = $399 and a gold spread of $30 when opening a position. As a result, net profit amounted to:

4500 – 399 – 30 = 4071 US dollars.

Here is an example of one of the buy transactions with a volume of 2 lots:

swap gold

As you can see, the purchase was quite successful and the profit was 20 times higher than the amount of the accrued commission.

In conclusion, we can say that the size of the gold swap is so minimal that it does not have much impact on the outcome of the transaction. It is much more important that the price moves in the direction you choose and brings profit.

Basics of trading gold on the stock exchange - https://time-forex.com/vopros/pokupka-zolota-na-birzhe

Important points when trading precious metals - https://time-forex.com/info/lot-zolota

 

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