Live gold price (XAU/USD)

What the spot number is

The spot price is the price for immediate delivery of one troy ounce of gold in US dollars, quoted as XAU/USD. It is set by trading across the global over-the-counter and futures markets, where banks and dealers quote two-way prices continuously. The reference figure shown here, around 4275.0, is a snapshot of that market and not a promise of the price you will get.

Because gold trades nearly around the clock, the spot number is always moving. The figure on this page updates on refresh, so read it as the latest available reference rather than a fixed value. Any calculator result built from it is only valid for the moment you entered it.

Why the broker's price differs

Your broker's gold price differs from the raw spot because it includes the spread — the gap between the bid and the ask — which is how the broker is paid for executing your trade. You buy at the ask and sell at the bid, so the spread is a cost you pay on entry. Its size depends on the broker, the account type and market conditions at the time.

The spread is not fixed. It widens when liquidity thins, around major news releases and during the rollover period, and it can widen sharply in fast markets. That is why the price you see on a chart and the price you actually deal at can differ, and why costing the spread before you size a trade matters.

Reading the change and refresh

The change figure shows how far the spot has moved from a previous reference, and the refresh time tells you how old the quote is. A large change on a stale timestamp is not tradable information — it is history. Always check both before you use the number in a calculator.

Refresh the page when you are about to size a trade so the position size, pip value and margin figures reflect the current market. If the quote is old, the risk you calculate will not match the risk you take.

How this price feeds the calculators

Every calculator on this site takes the live XAU/USD price as its starting point. Position size uses it with your stop distance and risk amount; pip value uses the contract size of 100 oz per lot; margin uses it with the applicable leverage cap; profit and loss uses your entry and exit; pivot points use the prior session's range.

Because the price moves, re-run the figures whenever the quote refreshes materially. A position sized at one price can carry a different margin requirement and a different pip value at another, so the tool is only as honest as the price you feed it.

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

The figure on this page is a spot reference for gold (XAU/USD) built from wholesale interbank quotes, not a number generated by the broker you will trade with. It is a mid-market reading of XAU/USD, the price at which large counterparties agree to exchange the metal, and it is published for orientation rather than for execution. Because it is assembled upstream and then delivered to your screen, it reaches you after the market has already moved a little.

Latency is the gap between the moment the underlying market prints a price and the moment that price appears in front of you, and for a retail page it is measured in seconds rather than milliseconds. That gap matters most when gold is moving fast, because the reference you see may already be a few cents or more away from where XAU/USD actually is. Treat the displayed number as a recent snapshot, not as a promise that your order will fill there.

The practical consequence is that you should never size a position off the reference price alone. If you plan a 0.10-lot gold position, the margin figure of about $85.50 at the applicable leverage cap is calculated from the broker's own quote, not from this page. Use the reference to understand where the market broadly is, then confirm the tradeable price inside MT4, MT5, cTrader or the FxPro app before you commit any money.

Why a broker's quote differs from a reference price

A broker's gold quote differs from a reference price because it is a tradeable offer built by that broker, while the reference is a neutral mid-market reading. FxPro prices XAU/USD from its own liquidity relationships and then applies the cost structure of the account you hold, so the number you can actually deal on includes the firm's commercial margin. The reference has no such margin because nobody is obliged to trade it.

The difference also reflects which entity serves you. FxPro is licensed by the FCA (UK), CySEC and FSCA, not by the CMA of Kenya, and the entity that serves Kenya applies its own pricing and leverage cap. That cap is a ceiling, not a setting to aim at, and it feeds into margin requirements rather than into the quote itself. Two traders looking at the same moment can therefore see different tradeable prices depending on the entity and account behind their login.

Timing compounds the gap. The reference may have refreshed a second before your broker's feed, or a second after, so the two numbers are rarely captured at the same instant. When you compare them, compare direction and rough level rather than expecting an exact match. The number that governs your fill is always the one on your platform's order ticket, because that is the price the counterparty will honour.

Bid, ask and the gap between them

The bid is the price at which you can sell gold and the ask is the price at which you can buy it, and the gap between them is the cost of entering a trade immediately. On XAU/USD the two sit either side of the mid-market level, with the ask above and the bid below. A reference page usually shows something close to the middle of that pair, which is why it never quite matches the buy or sell button on your platform.

That gap is how the broker is paid for facilitating the trade, and its size is not fixed. It depends on the liquidity available at that moment, the size you are dealing, the volatility of gold and the account type you hold. When liquidity thins, the gap widens; when the market is deep and calm, it narrows. Because the gap is a cost you cross on entry, it is worth checking on your platform before you send an order rather than assuming it stays constant through the session.

The gap also explains why a position can show a small loss the instant it opens. You buy at the ask and the platform values the position against the bid, so the distance between the two appears as an immediate unrealised cost. That is normal mechanics, not an error. It also means that a 0.10-lot gold position, where one pip is 0.01 and one lot is 100 oz, needs the market to move enough to cover that gap before the trade is genuinely in profit.

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

A stale quote looks like a price that has stopped changing while the market around it is clearly moving, or one that lags noticeably behind a second screen showing XAU/USD. The tell is usually a frozen number through a period when you would expect movement, or a jump that skips several levels at once when it finally updates. Either pattern means the feed you are looking at is not reflecting current conditions.

The cause is usually a broken or slow connection between your device and the price source, sometimes a sleeping browser tab, sometimes a weak mobile data signal. The fix is to refresh the page deliberately, check that your internet connection is stable, and cross-check the level against the live quote inside your trading platform. If the platform and the page disagree sharply, trust the platform, because that is where your order will actually be executed and where margin is calculated.

Do not place an order on the strength of a number you suspect is stale. Gold can move several dollars in the time it takes a page to catch up, and a decision made on an old price is a decision made on information the market has already discarded. If you cannot confirm a fresh quote, wait. There is no cost to standing aside and a real cost to trading on a frozen screen, particularly with leverage, where losses can outrun your deposit.

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

This figure refreshes at a short interval while the gold market is open, so the number you see should be recent rather than hours old. It is a continuously updated reference during trading hours, not a once-a-day fixing. The refresh is frequent enough for orientation and planning, but it is not a tick-by-tick execution feed, so treat each reading as a moment that has already passed rather than a live guarantee.

A stale reading announces itself in a few recognisable ways. The timestamp or change indicator stops advancing, the price holds perfectly flat through a period when gold is visibly active elsewhere, or the page freezes entirely after a network interruption. On a phone, switching apps or losing signal in a lift can produce exactly this. If the number has not moved while your platform's XAU/USD quote has, you are looking at a stale page.

When that happens, reload the page and confirm the reading against your broker's platform before acting. If the refresh does not recover, do not size a trade from the old figure. The margin on a 0.10-lot gold position, roughly $85.50 at the applicable cap, is calculated from the platform's live price, so an out-of-date page can leave you misjudging how much room your account actually has.

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

A spot reference is an indicative mid-market level published for information, while the broker's tradeable quote is a two-sided price the firm will actually deal on. The reference tells you roughly where gold is trading; the quote tells you what you can buy or sell for right now, including the spread and any account-specific pricing. Only the second one can be executed, which is why the two numbers should never be treated as interchangeable.

The distinction matters because every calculation that affects your money runs off the tradeable quote. Margin, unrealised profit and loss, and the level at which a position is closed all reference the broker's bid and ask, not the reference page. Even the worked example of about $85.50 margin on a 0.10-lot gold position at the applicable leverage cap is a platform calculation. The reference page helps you plan; the platform decides the outcome.

Use the reference for context and the quote for decisions. If you want to know whether gold is broadly stronger or weaker today, the reference answers that. If you want to know what your order will cost, what margin it will consume and where it will be stopped, only the FxPro platform quote answers that. Keeping the two roles separate is a small discipline that prevents a large class of avoidable errors.