US Spot Gold
PRODUCTS
Trade US Spot Gold 1
The IBKR Advantage
- Low, Transparent Commissions
- Efficient Pricing in Quantities as Small as 1 Ounce
- Trade US Spot Gold (symbol: USGOLD) with other asset classes from a single unified platform
Low, Transparent Commissions
Interactive Brokers offers fair prices with narrow bid-ask spreads driven by the highly liquid futures market, plus a transparent tiered commission based on order value.
| Order Size | Commission |
|---|---|
| Up to USD 500,000 | 1.5 bps of trade value |
| USD 500,000 - 1,000,000 | 1.0 bps of trade value |
| Over USD 1,000,000 | 0.7 bps of trade value |
Minimum commission of USD 2.00 per trade, and monthly storage fees of .15 per ounce are applicable to USGOLD.
Empowering the Active Investor
Efficient Pricing in Quantities as Small as 1 Ounce
IBKR clients have access to efficient pricing without having to trade in wholesale quantities.
Trade US Spot Gold Side-by-Side with Other Asset Classes
Use a single unified platform to trade US Spot Gold side by side with other asset classes such as stocks, options, futures, currencies, bonds and funds, all from the same Trader Workstation (TWS) screen.
Access the Loco London Bullion Market
Learn about other trading opportunities in the Loco London bullion market, the center for the international over-the-counter (OTC) market for gold and silver.
Visit our UK website to learn about London gold and silver derivatives.
Take Physical Delivery
Request physical delivery of some or all of your US Spot Gold position by sending a request to our Client Services team. The minimum denomination for delivery is one ounce and can be increased in one-ounce increments.
Unallocated US Spot Gold (symbol: USGOLD) can be converted into one of the following products.
- Gold Bullion Bar (.999) - 1 kg
- Gold Bullion Bar ISO Accredited (.9999) - 1 oz
- Gold Bullion Bar ISO Accredited (.9999) - 10 oz
- Gold American Eagle - 1 oz
- Gold American Buffalo - 1 oz
- Gold Canadian Maple Leaf - 1 oz
Note: delivery is only available within the US and service/delivery fees apply.
About Physical Delivery of Futures
Interactive Brokers offers trading on various COMEX precious metal futures and eligible clients can take physical delivery of COMEX silver or gold futures.
Physical delivery is in the form of a registered warrant for each futures contract. Please refer to the COMEX Rulebook for additional information regarding the details of what a warrant represents for that symbol.
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What is US Spot Gold?
US spot gold at Interactive Brokers refers to gold that can be bought or sold for immediate delivery in the United States. It is called “spot” gold because the transaction is settled "on the spot", typically within one or two business days, as opposed to a future date.
US spot gold is quoted in US dollars per troy ounce (approximately 31.1 grams). The spot price reflects real-time market value and changes constantly during trading hours based on global supply and demand, interest rates, inflation expectations, geopolitical events, and other market-moving factors. The spot price is a reference price used for pricing physical gold, gold EFTs and gold futures.
When trading spot gold electronically, the trader typically is typically speculating on its price, not taking physical delivery of the metal. However, some brokers, such as Interactive Brokers, offer an option to take physical delivery.
US spot gold is typically used to monitor the real-time value of gold, may be used by jewelry and bullion dealers to set prices for physical gold products, and is used as a benchmark by hedgers and speculators.
How Do I Buy US Spot Gold?
If you are a trader looking for exposure to US spot gold, you will need to open and fund an account with an online broker such as Interactive Brokers. After funding your account, you can place buy or sell orders for US spot gold through the broker’s trading platform.
US spot gold is not bought or sold on a centralized exchange in the same way stocks or futures are. Rather, it is traded over-the-counter (OTC), which means it is a direct exchange between buyers and sellers, often through dealers, brokers and online trading platforms..
What Are the Benefits and Risks of Trading US Spot Gold?
Spot gold is one of the most liquid markets globally, which means there are typically tight bid/ask spreads during active London and New York trading hours, and you can trade it almost 24 hours a day, 5 days a week. Gold is a traditional safe-haven asset and serves as a hedge against inflation and other sources of uncertainty
However, owning or trading US spot gold does carry risks despite gold being viewed as a “safe haven.” Gold prices can swing sharply due to US interest rate decisions, inflation or deflation surprises, the relative strength of the US dollar, or geopolitical events. If you are trading US spot gold on margin, gains and losses are magnified and a small move against your position can lead to margin calls or liquidation.
Interactive Brokers' Education and Resources for US Spot Gold
Traders' Academy
Trading Spot Gold and Silver at Interactive Brokers
This lesson explains the offering and how IBKR enables clients to avoid trading in wholesale quantities. Clients can use a single, integrated account to trade US Spot Gold side by side with other asset classes such as stocks, options, futures, currencies, bonds and funds, all from the same Trader Workstation (TWS) screen.
Traders' Insight
Traders’ Insight provides market-related articles and commentary from Interactive Brokers’ employees, exchanges and third-party contributors.
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Open an AccountDisclosures
- US Gold is only available to legal residents of the United States. US Gold is not available to legal residents of Arizona, Montana, New Hampshire, and Rhode Island.