Gold

Gold Market

It has been a metal that people have used for various purposes for centuries. It appears as jewelery with its aesthetic appearance, as ingots as a reserve medium, and as money as a medium of exchange.

KlasFX, we enable you to buy gold safely, quickly and easily with Turkish Lira, foreign currency and dozens of crypto currencies. What you need to do to buy and sell gold:

1- Create a KlasFX Account:

The first step is your reliable investment partner It is to create an account on the KlasFX platform. When signing up, you may be required to provide personal information and complete required identity verification.

2- Send Money to Your Investment Account:

You will need to deposit into your account the amount of money you will use to buy gold. For this, you can use different payment methods such as credit card, bank transfer, e-wallets ( cryptocurrencies ). Once you deposit money into your account, you will be able to use this money to buy gold. Click to get live support.

3- Select Gold Transaction from Your Platform:

The KlasFX trading platform, find the gold trading option with icons such as “Gold” or “XAU” in the platform’s interface . This is usually found in the “Market Watch” window on the left. Don’t worry, your personal investment advisor will be with you in this and other steps.

4- Open Gold Transaction:

To open a gold transaction, you will need to specify the amount of gold you want to buy and other transaction parameters (leverage, stop- loss, take-profit, etc).

If you wish , your private investment advisor will be with you 24 hours a day, 5 days a week, in all the steps below . All you have to do is contact us at [email protected] or connect to our live support line.

Can I Withdraw the Money I Earned from Gold Transactions to My Bank Account Immediately?

KlasFX uses its superior technological infrastructure and secure money transfer systems. Therefore, your withdrawal requests are approved and transferred to your account within 5 minutes.

Can I Buy Gold (XAU) With Credit Card?

You can buy Gold (XAU) with many deposit options, including credit card, with your personal investment advisor who contacts you after opening your account

What is Gold? What is its history?

Gold has been a metal that people have used for various purposes for centuries, thanks to its ease of processing and durability. It appears as jewelery with its aesthetic appearance, as bullion as a reserve medium, and as money as a medium of exchange. Gold formed the basis of the monetary system between 1870 and 1930. With the Woods System, 1 ounce became equal to 35 Dollars and played a key role in the markets (1944-1973).

In 1973, gold’s feature as a fixed exchange medium with the dollar was terminated, causing it to be used as an individual savings instrument and as part of central banks’ reserves. With the development of financial markets, interest in alternative investment instruments increased, and the demand for gold decreased until the 2000s. The increase in global risk perception in the 2000s enabled gold to be positioned as a safe haven in the markets.

There are many dynamics that determine the prices of gold, which has been a safe haven for centuries. The effects of these dynamics on gold prices need to be known one by one. Financial crisis and war have a positive effect on the price of gold, unlike the stock market and money markets.

While the increase in oil prices and inflation rate also has a positive effect on the prices of this precious metal, interest rates have a negative effect on gold. Internationally, 1 ounce is accepted as 31.10 grams of gold. In leveraged markets, 1 lot of gold transaction is calculated as 100 ounces. In other words, when a 1 lot gold purchase or sale transaction is opened on the platform, it corresponds to a physical transaction of approximately 3 kilos 110 grams. Considering that the ounce price of gold is 1270 USD, 1 lot of gold on the platform requires 1270 USD collateral when calculated with 1:100 leverage.

This precious metal, which is one of the most important investment and payment tools for both individuals and the general economy in our country, has become more investable in recent years. Some difficulties are observed in physical purchases in the market, where mobility has increased in recent years. It is known that the rising price of gold is felt more in physical purchases, but remains limited in selling the gold in hand. However, the forex market eliminates such negativities and also offers a system that can be traded 24 hours a day, 5 days a week. When you want to evaluate your investments in forex markets, our analysts provide information about the developments, news and economic data in the market. This allows you to continue your investments consciously.

What is Gold Investment?

Gold investment is a type of investment made with the aim of increasing the value or generating income related to gold by using gold or financial instruments associated with gold.

Gold has been considered a safe investment tool for years and has often been a preferred asset in times of economic uncertainty.

If you want to be safe while investing, you can choose the regulated platforms provided by KlasFX.

Try Any of Our Trading Accounts

Start trading with 100,000 USD on your demo account without risking real money. Gain experience with your dedicated investment advisor. When you are ready, take your first step into the world’s largest market!