Cryptocurrency Q&A
How much is a pip in gold?
How much is a pip in gold?
CryptoBaron
Wed Dec 18 2024
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6 answers
1291
I'm trying to understand the value of a pip in gold trading. I want to know how much a single pip movement in gold would be worth in monetary terms. Can someone explain this to me?
6 answers
Elena
Thu Dec 19 2024
In the realm of CFDs, the value of a pip varies depending on the underlying asset.
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KDramaLegend
Thu Dec 19 2024
However, for other commodities like Copper and Gas, the pip value differs.
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Michele
Thu Dec 19 2024
In the case of Copper and Gas CFDs, one pip is equivalent to 0.001.
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EchoPulse
Thu Dec 19 2024
For precious metals such as Gold and Silver, as well as commodities like Oil, the pip value is standardized.
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Alessandro
Thu Dec 19 2024
Specifically, for Gold, Silver, and Oil CFDs, one pip translates to $0.01.
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