Trade a gold rush with Exness’ lower spreads

With major economies and currencies under intense pressure, the need for a stable asset has never been more critical. Gold's timeless value offers the security traders seek in uncertain times. Now, with Exness offering tight gold trading spreads like never before, there’s no better time to consider making gold a priority asset for 2024.

Exness gold spread reduced by 10%

In July 2024, Exness made a strategic decision to reduce gold spreads by 10%. The results were immediate and positive. XAUUSD spreads during high-impact news events became 63% tighter than the industry average, giving our clients a significant edge. This level of consistency means that even in the most volatile markets, traders can act with precision and confidence, knowing that Exness pricing is as dependable as it is competitive.

Why tight gold spreads matter now more than ever

Economic and societal instability is becoming the global norm, and most recognized haven assets no longer depict stability for investors. USD, once a pillar of strength as the world’s reserve currency, has been losing footing on the global stage over the last two years. 

The US, UK, Germany, Japan, and China–the once great empires that ruled the financial world–now struggle to keep order on their streets and civilian services functioning. There’s no denying we are approaching a societal reboot.

And amidst all this physical and financial turmoil, gold continues to shine as a beacon of stability. Its intrinsic value, preserved over centuries, makes it the go-to asset for troubling times. Gold is more than just a commodity; it is financial insurance. It can protect against inflation, currency debasement, and even economic collapse.

The advantages of joining a gold rush early are obvious, but trading gold in volatile times can present serious risks. Buy and Sell market prices can wildly fluctuate and diverge, causing spreads to warp or expand more than usual. This makes market entry points difficult to identify. More importantly, volatility and unstable spreads can threaten low-equity accounts as well as orders with tight stop loss.

Exness understands these frustrations well, which is why spread stability has been a top priority since 2008. The 10% gold spread reduction of July reinforces Exness’ commitment to its traders, especially as the economy moves into a more defensive era. Lower gold spreads mean lower trading costs, which lets Exness traders keep more capital in play for longer.

Conclusion

When it comes to reporting on today’s economy, there are vanilla approaches that have lots of words but very little value, and then there are informative speculations that provoke investigation. For now, most main media channels are reluctant to admit a recession is finally upon us. And who can blame them? Market sentiment is more powerful than ever, and officially acknowledging a recession would likely trigger a market freefall.

The truth is, we are already in a recession. The entire world feels it. We see it mostly in rent prices, supermarket bills, fuel prices, and the overall decline in spending power. The recession is here, but the financial markets don’t yet reflect that. When the House of Cards finally falls and central banks come clean, we might be in for a bumpy ride. 

Then again, maybe all the pain of inflation and interest rates we’ve been enduring was the soft landing everyone was talking about two years ago. It’s all so… uncertain. 

Financial journalists everywhere are loudly emphasizing how the markets are completely unpredictable right now. News flash, they’ve always been unpredictable! But one thing that remains predictable is the endearing nature of gold. Its admired, finite, and untarnished existence throughout human civilization and commerce tells us it’s likely going to be at the foundation of the global economy for generations to come. The same cannot be said for USD or any other asset.

Make sure your Exness trading account is fully functioning and ready for what’s coming. Whichever way you trade, the reduced gold trading fees that come from lower spreads will make a difference to your profit/loss in your favor. Install the Exness trade app to monitor gold prices in real time, no matter where you are.

Dedicate some of your free time to researching previous downturns and the functionality and behavior of haven assets, and keep your eyes open for subtle market indicators of a forming crash.

There have been economic events throughout history with the power to make or break millionaires, the biggest companies, and even nations. Those who planned for it, even aimed to benefit from it, logically fared better than those who didn’t. So, are you ready for a gold rush?