Live Gold Price (XAU/USD)

What the spot number is and how it is set

The spot price is the price for gold to be delivered and paid for effectively now, quoted in US dollars per troy ounce. It is set in the global over-the-counter market where banks, refiners and funds trade, and it updates continuously while that market is open. The XAU/USD number you see here is a snapshot of that market, not a fixed official rate.

Because spot is an OTC market, there is no single exchange price. Different venues and liquidity providers quote slightly different levels at the same moment, and the reference price shown on this site is one reading of that market. That is why a broker's chart can sit a few ticks away from the spot figure without anything being wrong.

Why your broker's price differs: the spread

Your broker's price differs from spot because it includes the spread, the gap between the price you can buy at and the price you can sell at. That gap is how the broker is paid for handling the trade, and it is a real cost that you cross the moment you open a position. The size of the spread depends on the broker, the account type and how liquid the market is at that moment.

The spread is not fixed. It tends to widen when liquidity thins, around major news releases and at the daily rollover, and it narrows when the market is deep. For a gold trader this matters because a wider spread means a larger move is needed just to break even, which is one reason the calculators here treat costs as part of the trade rather than an afterthought.

How to read the change and the refresh

The change figure compares the current price with the prior reference and tells you the direction and size of the move in dollars per ounce. A positive change means gold is up on the session, a negative one means it is down. Read it as context, not as a signal: a small change on a quiet day and a large change after a data release say different things about the market.

The price refreshes while the market is open and holds its last value when gold is closed, so a stale number over the weekend is expected. Treat any single reading as one frame in a moving market and check the time of the update before acting on it.

How this price feeds the calculators

The live price feeds the calculators so the numbers reflect the market you are actually trading. Pip value, margin and profit and loss all depend on the current XAU/USD level, so a price that updates keeps those outputs close to what your platform will show. You can also type a price in yourself to model a scenario away from the current market.

Using the live price as the default keeps the position-size and margin figures honest. If you size a trade at an old price and the market has moved, the margin and the risk per pip will be different when you actually open it, so refresh the price before you commit.

Where the number on this page comes from and what its latency means

The number on this page is a reference price for gold (XAU/USD) sourced from an aggregated feed of institutional quotes, not from the broker you will actually trade with. It reflects the midpoint of the market at the time the feed last updated, which is typically a few seconds behind the live interbank market. That delay is its latency. For a spot reference, a few seconds is normal, but it means the figure is a guide, not a guarantee of the price you can deal at.

Latency matters because gold moves in fractions of a second during active hours, and the reference price you see can already be outdated by the time your order reaches the broker. In the Philippines, where you might be checking the price on mobile data or through a browser tab, network lag can add to the feed delay. A slow connection or a background app can make the page refresh later than the underlying feed, so treat the displayed number as indicative rather than executable.

The practical effect is that you should never size a position or set a stop by the exact digits on a reference page alone. Use the figure to understand the general level, then confirm the live bid and ask inside your trading platform before acting. FxPro's MT4, MT5, cTrader and app all show the broker's own tradeable quote, which is the number your order will fill against. The reference page helps you plan; the platform quote determines your fill.

Why a broker's quote differs from a reference price

A broker's quote differs from a reference price because the broker is quoting the price at which it is willing to buy from or sell to you, while the reference is a midpoint of the wider market. The broker must cover its own hedging costs, operational overhead and the risk it takes on by holding your position, so its bid and ask are set around the market mid but not identical to it. The difference is not an error; it is how the broker stays in business.

For gold (XAU/USD), the broker's quote also reflects the liquidity available to it at that moment. When liquidity is thin, such as during the Asian afternoon or around major news, the broker may widen the gap between its bid and ask to protect against adverse moves. The reference price you see on this page is an aggregate that may include quotes from venues the broker does not access, so a small divergence is expected. The size of that divergence depends on market conditions and the broker's own pricing model.

You should compare the broker's live quote with the reference price to understand the current trading cost, but remember that the reference is not a price you can trade at. FxPro's platforms show the bid and ask you can actually deal on. The reference page gives context; the platform gives the executable number. Always check the platform quote before you place an order, especially for a position size like 0.10 lot, where a few cents of difference can affect your margin requirement and risk.

Bid, ask and the gap between them

The bid is the price at which the broker will buy gold from you, and the ask is the price at which it will sell gold to you. The gap between them is the spread, which is the immediate cost of entering a trade. For XAU/USD, one pip is 0.01, so a spread of a few cents is expressed in pips. The bid is always lower than the ask; if you buy at the ask and immediately sell at the bid, you lose the spread. That is why the market must move in your favour by at least the spread before your position breaks even.

The size of the bid-ask gap depends on the broker's pricing, the liquidity in the market and the time of day. It is not fixed, and it can widen when volatility rises or when liquidity falls. In the Philippines, you might notice the gap changes between the London and New York sessions compared with the quieter Asian session. The reference price on this page is a midpoint, so it sits between the bid and ask but does not tell you the width of the gap. Only the platform shows the live spread you will pay.

When you plan a trade, factor the spread into your entry and exit. For a 0.10-lot gold position (10 oz), each pip (0.01) is worth $0.10, so a spread of, say, 3 pips costs $0.30 to enter and another $0.30 to exit if the spread remains the same. That cost is separate from any commission or swap. Because the spread is not a number you can know in advance from this page, always check the live bid and ask on FxPro's MT4, MT5, cTrader or app before you commit.

What a stale quote looks like and what to do about it

A stale quote is one that has not updated to reflect the current market, so it shows a price that is no longer available. On a reference page, you might notice the timestamp has not changed for an unusual period, or the price is frozen while other sources have moved. In a trading platform, a stale quote can appear as a bid and ask that do not change even as the market moves, or a quote that is significantly away from the prevailing market level. Stale quotes are more common during low-liquidity periods or when there is a connectivity issue.

If you suspect a quote is stale, do not trade on it. Refresh the page or platform, check the timestamp, and compare the quote with another independent source. In the Philippines, where mobile connections can drop, a stale quote might be due to your own connectivity rather than the broker's feed. If the platform shows a quote that has not moved while the reference page has, wait for the platform to update or restart it. Placing an order on a stale quote can lead to a fill at an unexpected price or a rejected order.

The safest approach is to rely on the live bid and ask inside FxPro's platform and to confirm that the timestamp is current. If you are using the reference page, treat any quote that has not refreshed within its normal interval as potentially stale. For gold, which can move quickly, a stale quote of even a few seconds can mean a difference of several cents. Always verify the quote is live before you calculate margin, set a stop, or enter a position.

How often this figure refreshes and what a stale one looks like

This figure refreshes at a set interval defined by the data feed, which is typically every few seconds, but the exact frequency depends on the provider and your connection. The page will update automatically, but if your browser tab is inactive or your internet is slow, the refresh may pause. A stale figure on this page looks like a price that has not changed despite market-moving news, or a timestamp that is older than the expected interval. You can often see the last update time near the price.

A stale figure is not necessarily wrong; it is simply not current. For example, if the page refreshes every 10 seconds but your connection drops, the displayed price could be minutes old. In that case, the number you see may be far from the live market. To check, compare it with the live quote on FxPro's platform or another source. If the two differ by more than a few cents, the page is likely stale. Do not use a stale reference to calculate your position size or margin.

When you notice a stale figure, refresh the page manually or switch to the trading platform for the live quote. The reference page is a convenience, not a trading tool. For any decision involving real money, especially with leverage, the broker's platform is the authoritative source. Remember that at the applicable leverage cap, a 0.10-lot gold position needs about $85.50 margin, and that calculation should be based on the live price, not a stale one.

The difference between a spot reference and the broker's tradeable quote

A spot reference is a indicative midpoint price for immediate delivery, used for information and valuation, while a broker's tradeable quote is the actual bid and ask you can execute against. The reference price on this page is a spot reference: it tells you the general level of gold in USD but is not a price you can buy or sell at. The broker's quote includes the spread and is the price your order will fill at. The difference between the two is the spread plus any other adjustments the broker applies.

For a trader in the Philippines, this distinction matters because your funding in pesos via GCash or bank transfer does not change the fact that gold is quoted in USD. The spot reference helps you see the dollar price, but your trade is executed at the broker's quote, which may be in USD or converted. The broker's quote is the one that determines your profit or loss, your margin requirement and your stop-loss levels. The reference price is a guide; the tradeable quote is the reality.

Always use the broker's platform to get the tradeable quote before you trade. FxPro's MT4, MT5, cTrader and app show the live bid and ask. The reference page is useful for monitoring the market and for feeding calculators, but it is not a substitute for the platform quote. When you plan a trade, check both: use the reference for context and the platform for execution. That way you avoid confusion between the indicative number and the price you actually get.