Live Gold Price (XAU/USD)

What the spot number is and how it is set

The spot price is the current market rate for one troy ounce of gold in US dollars, set continuously by trading across global venues rather than by a single exchange. Quotes are aggregated from banks, brokers and electronic venues, so the number you see is a consensus reference, not a promise anyone will trade at it.

For an Australian reader the quote is only half the picture. XAU/USD is priced in USD, so the AUD value of your position moves with the AUD/USD rate as well as the metal. A flat gold price can still produce a profit or loss in Australian dollars when the currency pair shifts.

Why the broker's price differs: the spread

Your broker's price differs from the reference because it includes the spread, the gap between the bid and the ask. That gap is how the broker is paid on a spread-based account, and it is the first cost you meet on every trade, before the market has moved at all.

The spread is not fixed. It depends on the broker, the account type and liquidity, and it widens when liquidity thins, around major data releases and at rollover. Treat any quoted price as indicative and check the live bid and ask in your platform before you size a trade.

How to read the change and the refresh

The change figure shows how far the price has moved from a prior reference, usually the previous session's close, and the refresh time tells you how current the quote is. A stale timestamp matters more than a large change: an old quote can mislead you about where the market actually is.

Read the change as context, not as a signal. A big move may already be over, and a small one may be coiling before a release. The refresh time is the honest part of the display, so use it to judge whether the number is worth acting on.

How this price feeds the calculators

The live price is the anchor for every calculator here. Position size uses your entry and stop distance, pip value depends on the price level, margin depends on price and lot size, and profit/loss compares your entry with your exit. Change the price and each output changes with it.

That is why the calculators ask you to confirm the price rather than assume it. Enter the price you can actually trade at, including the spread, and the outputs reflect the trade you are about to place rather than a theoretical one.

Where the live XAU/USD figure is sourced and what its delay means for you

The figure on this page is a reference price for spot gold built from wholesale interbank quotes, not a price any single broker is obliged to trade at. It is aggregated and republished, meaning it passes through several hands before you read it. The delay between the underlying market and your screen is typically small but never zero, and it widens when feed volumes spike. Treat the number as an indicator of where gold is trading, not as an executable quote for your own account.

Latency matters most when gold is moving quickly, because a reference price is a snapshot of a moment that has already passed by the time it renders. During quiet Asian hours the gap is largely invisible; around major US data releases it can stretch enough that the figure on screen no longer reflects what any dealer will honour. If you are sizing a 0.10-lot position, the reference is fine for working out that roughly $85.50 margin applies at 1:200, but it is not a fill price.

What latency means in practice is that you should never place an order by typing a price you saw on a reference page. Use the reference to understand direction and context, then read the live bid and ask inside your platform before committing. FxPro serves Australian clients through FxPro UK Limited, and your order will fill against that entity's quote, not against this page. The reference is a compass, not a contract.

Why FxPro's gold quote will not match a published reference price

A broker's quote differs from a reference price because the broker is quoting a tradeable market it must hedge, and that quote embeds its own costs and risk management. FxPro prices XAU/USD off its own liquidity arrangements, then adjusts for the spread it charges and the size of the position it is willing to warehouse. A public reference simply reports where gold is changing hands between institutions; it carries no obligation to sell you 100 oz at that level. The two numbers describe related but distinct things.

The difference also reflects timing and construction. A reference may be a midpoint or a last-traded figure, while the broker must show you two prices, a bid and an ask, because it stands ready to buy from you or sell to you. Those two prices bracket the underlying market, so the broker's ask sits above the reference and its bid below it by varying amounts. The size of that bracket is not fixed and depends on volatility, liquidity and the broker's own book.

For Australian clients the entity matters as well: FxPro is licensed by the FCA (UK) and CySEC, and it does not hold an ASIC licence, so residents deal with an offshore entity and should check this before funding. That structure does not change how the quote is built, but it does mean your recourse and protections follow the offshore entity's rules. Always read the platform quote as the price you can actually act on.

Bid, ask and the gap that separates them on gold

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, and it is the first cost you meet on every trade. If you buy, you enter at the ask and must sell back at the bid, so gold has to move in your favour by at least the width of that gap before you are level. The reference figure usually sits somewhere between the two.

On XAU/USD the pip is 0.01, and one standard lot is 100 oz, so each pip of movement is worth A$1 per 0.01 lot and A$100 per standard lot. That arithmetic makes the gap concrete: a wider spread is a larger immediate hurdle measured in the same pips as your target. The exact width is not something this page states, because it varies with the session, the news calendar and the size of your order. What you can rely on is that the ask is always above the bid.

Practically, read both numbers before you click, not just the one in the middle. If you are planning a position and using the reference to estimate margin, remember the margin figure of about $85.50 for 0.10 lots at 1:200 is separate from the spread cost. Margin is collateral held; the spread is money paid to enter. Both come out of your account, but only one is returned when you close.

How a stale quote presents itself and the checks that resolve it

A stale quote looks like a price that has stopped moving while the market around it has not, or a bid and ask that sit oddly far apart with no matching activity. On a platform it may appear as a frozen figure, a greyed-out ticket, or a spread that suddenly balloons without a news event to explain it. The tell is inconsistency: the reference page shows movement, your platform does not, or your order is rejected at a price that looks available.

When you suspect staleness, the first check is connectivity, because a dropped feed freezes the last known quote rather than showing an error. Confirm your internet connection, refresh the platform, and compare the XAU/USD bid and ask against a second independent source. If the platform still will not update, restart it. Do not assume a frozen low price is a bargain; it is usually a quote the broker will not honour, and an order sent into it may fill somewhere you did not intend.

The second check is the clock and the session. Gold trades nearly around the clock, but thin periods and scheduled pauses can leave a quote lagging. If you are funding or withdrawing via PayID or bank transfer, that settlement timing is separate from quote freshness and should not be confused with it. When in doubt, wait for a live, moving two-sided quote before you trade rather than forcing an order into a dead one.

Refresh cadence on this page and how to tell the figure has aged

This page refreshes on a short cycle so the reference figure tracks the market closely during active hours, but a refresh interval is not a guarantee of freshness. Each update pulls the latest available reference value, and if the upstream feed pauses, the page will keep displaying the most recent number it received. So the figure can look current while being seconds or minutes old. The only reliable test is to watch whether the number changes when gold is clearly moving elsewhere.

A stale reference shows itself as a figure that holds flat through a period when related markets, such as the US dollar or bond yields, are shifting. It can also lag visibly at the open of a major session, when volume jumps and the feed takes a moment to catch up. If you see the same price through an obvious burst of activity, treat it as aged and cross-check against your platform's live bid and ask before drawing any conclusion from it.

Use the refresh as a convenience, not as a trading signal. For decisions, the broker's tradeable quote in MT4, MT5, cTrader or the FxPro app is the authority, because that is the number your order interacts with. The reference here is best used for orientation, for sanity-checking a calculator, and for understanding where gold sits broadly. It is deliberately not built to be an execution price, and treating it as one is where mistakes begin.

Spot reference versus tradeable quote, and how gold behaves at the weekend

A spot reference describes where gold is valued in the wholesale market at a moment in time; a tradeable quote is a two-sided offer your broker will actually transact on. The reference has no size attached and no obligation behind it, while the tradeable quote carries both a bid and an ask and a maximum size the broker will fill. When you place an order, it fills against the tradeable quote, never against the reference, which is why the two can differ by a small margin without either being wrong.

Weekend and holiday pricing widen that distinction sharply. Gold's spot market closes for the weekend, so from late Friday in New York until the Sunday reopen there is no continuous underlying trade. A reference may hold its last value or update thinly, and any broker quote available in that window reflects reduced liquidity and the risk of holding positions through a gap. Public holidays in major centres thin the market further, and quotes can be erratic or unavailable.

For Australian readers this matters because the weekend falls in the middle of local time, and Monday morning here can arrive before the market has fully reopened. If you hold gold over the weekend, your position is exposed to whatever price greets the reopen, and stops may fill away from their trigger in a gap. Check the platform's trading hours and your own risk before the Friday close rather than assuming the reference page reflects a market you can exit.

Why two gold sources differ by a few cents and which quote your order fills against

Two sources disagree by a few cents because each samples the market differently, at slightly different moments, and with different construction. One may use a midpoint of institutional quotes, another a last-traded print, and a third a volume-weighted average over a short window. Add small timing offsets and you get cents of divergence even when both are accurate. On gold quoted to 0.01, a few cents is a normal spread between methodologies, not evidence that one source is broken.

Your order fills against your broker's quote, and specifically against the side you are taking: the ask if you buy, the bid if you sell. That quote is the only one with a contractual obligation attached, so it outranks every reference and every third-party feed when it comes to execution. If a reference says 4275.0 and your platform shows a bid and ask around it, the platform pair is what determines your entry, your exit and the spread you pay to get there.

This is why reconciling a fill against a public page can mislead you. The fill reflects the broker's price at the instant of execution, including the spread, while the page reflects a different construction at a different moment. Judge your execution against the platform's own history, not against a reference. And remember the entity: FxPro is licensed by the FCA (UK) and CySEC and does not hold an ASIC licence, so Australian residents deal offshore and should check this before funding.

What the bid-ask gap does as the gold day closes

The bid-ask gap typically widens around the daily close because liquidity providers step back and the broker must price a thinner book. As dealers reduce exposure into the close, fewer participants are willing to make two-sided prices at size, so the distance between bid and ask grows to compensate for the added risk of holding inventory overnight. The reference price may barely move while the gap around it stretches, which is why the close is a poor time to judge cost by the midpoint alone.

For a trader this changes the arithmetic of entering or exiting near the close. A wider gap means a larger immediate hurdle measured in pips, and a stop or limit sitting close to the market is more likely to be triggered by the spread rather than by genuine direction. If you must trade in that window, size down and expect the fill to sit further from the reference than it would at the height of the London or New York session.

The close also interacts with the rollover period, when positions held overnight are subject to financing adjustments that this page does not quantify because they depend on the broker's rates and your direction. What you can control is timing: avoid opening a position purely because the reference looks attractive minutes before the close, and check the live bid and ask first. The gap will usually narrow again once liquidity returns, so patience is often cheaper than urgency.