Live gold price (XAU/USD)

What the spot price is and how it is set

The spot gold price is the current market price for immediate delivery of one troy ounce of gold, quoted in US dollars as XAU/USD. It is set by the largest over-the-counter market in the world, where banks, refiners, and institutional traders buy and sell physical gold and derivatives around the clock.

The price you see on this page is a reference price near 4275.0. It reflects the most recent trades and quotes from major liquidity providers. Because gold trades globally, the price moves in response to orders from London, New York, Zurich, and Sydney, with no single exchange setting the official rate.

Why your broker's price differs: the spread

Your broker's gold quote will always show two prices: the bid (where you can sell) and the ask (where you can buy). The difference between them is the spread, which is the broker's fee for providing liquidity. Your account type sets the spread, and the gap is tight, but it widens during volatile news or thin liquidity.

For an Australian trader, a spread of even a few cents on XAU/USD matters because one standard lot is 100 ounces. A 30-cent spread on a full lot costs US$30, or roughly A$45 depending on the exchange rate. Always factor the spread into your profit/loss calculations.

How to read the change and refresh

The live price updates continuously, showing the last traded price and the change from the previous daily close. A positive change means gold is up in US dollar terms; a negative change means it is down. The percentage change tells you how much it has moved relative to the previous session.

Because gold is quoted in US dollars, Australian traders must also watch the AUD/USD exchange rate. Even if the US dollar price of gold is unchanged, a falling Australian dollar makes gold more expensive in A$ terms, and vice versa.

How this price feeds the calculators

Every calculator on this site uses the live XAU/USD price as its starting point, so your position size, pip value, margin, and profit/loss estimates reflect current market conditions. The pivot point calculator uses the previous session's high, low, and close to map levels, independent of the live price.

By pairing the live price with the calculators, you can size a trade at the current quote, see the margin required at your leverage, and know exactly where your stop and target sit relative to pivot support and resistance.

Where this live price comes from and what its latency means

The live price on this page is a consolidated feed from liquidity providers, not a quote pulled directly from an exchange, because gold trades over the counter. South Cross FX receives rates from multiple banks and electronic communication networks, then applies the best bid and ask available at that moment. The number you see therefore represents an indicative mid-price derived from that aggregated order book, updated as often as the data feed allows.

Latency is the delay between a price change at the source and its appearance on your screen, and on this page it is typically under one second under normal market conditions. A price of 4275.0 for XAU/USD can shift several times per second during active London or New York sessions. If the feed is delayed, the displayed price may be stale by a few pips, which matters when you are about to enter a fast-moving trade.

What latency means for you is that the price you click may not be the price you get, because execution happens at the broker's current quote, not the last displayed number. South Cross FX routes orders to FxPro, which uses straight-through processing with no dealing desk intervention. In volatile gold markets, the spread can widen and the quote can move between your click and the order reaching the server, so treat the live price as a close guide, not a guaranteed fill level.

Why a broker's quote differs from the reference price

A broker's quote differs from the reference price because the broker adds a spread and adjusts for its own liquidity and risk. The reference price for gold around 4275.0 is an indicative mid-market rate, often from a data vendor such as Bloomberg or Reuters. FxPro, like all brokers, quotes a two-way price: a bid slightly below the mid and an ask slightly above it. That spread is how the broker earns revenue without charging a separate commission on this instrument.

The difference also depends on market depth and volatility, because gold spreads widen when liquidity thins or news hits. During major economic releases, a broker may quote a wider spread even if the reference price is moving smoothly. FxPro's spreads on gold are variable, not fixed, so the gap between the displayed reference and the broker quote will fluctuate from moment to moment. A$ account holders will see the same pip difference, but the monetary value depends on position size.

Another reason for the difference is execution model and price feed aggregation, since no single reference price captures every available quote. FxPro aggregates prices from several liquidity providers, then applies a mark-up to cover costs and risk. The result is a quote that is always slightly worse for you than the raw interbank mid, but it reflects a real executable price. When you compare the page's live price to your platform, expect a few pips difference, not an exact match.

Bid, ask and the gap between them

The bid is the highest price a buyer is willing to pay for gold right now, while the ask is the lowest price a seller will accept, and the gap between them is the spread. For XAU/USD at a reference price of 4275.0, the bid might be 4274.7 and the ask 4275.3, giving a spread of 0.6 pips. You buy at the ask and sell at the bid, so you start any trade slightly underwater by the spread amount.

The gap between bid and ask is not constant; it widens when liquidity is low or volatility rises, and narrows in calm, deep markets. During the Sydney session, gold spreads may be wider than during London or New York overlap because fewer market makers are active. FxPro's spread on gold is variable and can change within seconds, so the exact gap in A$ terms also changes with the AUD/USD exchange rate if your account is in Australian dollars.

A wider gap affects your cost per trade directly, because the spread is paid on every round trip. At 0.6 pips on one standard lot of 100 oz, the spread cost is about US$6.00, which is roughly A$9.20 at an exchange rate of 0.65. If the spread widens to 1.0 pip, that cost becomes US$10.00. Understanding the current bid-ask gap before you trade helps you avoid entering when costs are unusually high.

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

A stale quote looks like a price that has not moved for several seconds while the market is clearly active, or a price that is far from other sources. If the page shows 4275.0 unchanged for a minute during a high-impact news event such as US non-farm payrolls, the quote is likely stale. Another sign is a sudden jump when the feed resumes, with the price skipping from 4275.0 to 4278.5 without printing the ticks in between.

What to do about a stale quote is to stop and refresh the data before placing any order, because trading on old prices can lead to slippage and unexpected losses. Check the timestamp on the page if available, or compare the displayed price with a second source such as a major financial website. If the quote is stale, wait for the feed to update. Never assume the price you see is the price you can trade, especially in fast gold markets.

If you suspect the quote is stale on the FxPro platform itself, close and reopen the chart or check the Market Watch window for the latest bid and ask. FxPro's servers normally update quotes in milliseconds, but internet latency or a paused platform can create a local delay. In extreme cases, FxPro may reject an order if the price has moved too far, and a requote may appear. A stale quote is a warning sign, not an invitation to trade.

Using this live price to time your gold entries

The live price on this page is best used as a reference for timing entries, not as the exact execution price, because your order fills at the broker's current bid or ask. For a buy order, you pay the ask, which is slightly above the displayed mid; for a sell, you receive the bid, slightly below. If you are watching for a breakout above 4275.0, wait for the ask to clearly exceed that level, not just the mid.

Timing entries with a live price also means watching the refresh rate and spread together, because a fast-moving price with a wide spread is a poor time to enter. During the first minutes after major US data, gold can move several dollars in seconds and the spread can double or triple. Waiting for the spread to return to normal after the initial spike can save you significant cost per trade, especially on larger positions.

For Australian traders, the best liquidity and tightest spreads on gold typically occur during the London and New York overlap, which is late evening to early morning AEST. The Sydney session alone often has slower price action and wider spreads. If you trade part-time, consider setting alerts near your target levels rather than staring at the live price all night. A disciplined entry based on the actual bid and ask, not the mid, will improve your execution.

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

The live price on this page is sourced directly from FxPro’s market data feed, which aggregates quotes from multiple liquidity providers and executes trades on MetaTrader 4, MetaTrader 5, cTrader and the FxPro app. The feed is updated in real time, but latency—the delay between a price change at the source and its display here—can be a few milliseconds to a second depending on your internet connection and FxPro’s server location. For gold traders in Australia, this latency is usually negligible for daily or swing strategies, but it becomes critical if you are scalping XAU/USD around high-impact news events.

The latency figure on this page is not a fixed number; it depends on factors such as your proximity to FxPro’s data centres, the current market volatility, and whether you are viewing the price through a web browser or a trading platform. At the reference price of 4275.0, a one-second delay can mean the difference between a fill at your intended level and a slip of several pips, where one pip equals 0.01 in XAU/USD. Australian traders funding accounts via cards or bank transfer should note that deposit speed does not affect price latency, but execution speed on the platform does.

A practical way to gauge latency is to compare the timestamp on this page with the time shown in your MT4, MT5 or cTrader terminal. If the difference is consistently more than two seconds, your connection is likely the bottleneck, not the broker’s feed. FxPro is regulated by the FCA (UK) and CySEC, which require fair execution standards, but latency is a technical reality for any offshore broker serving Australian residents. Before placing a market order on gold, refresh the page and confirm the quote has moved with the broader market; a frozen number here while other sources are active indicates a data lag that could cost you money.

Why FxPro’s gold quote differs from the reference price of 4275.0

FxPro’s gold quote differs from the reference price of 4275.0 because the reference is a mid-market rate derived from interbank and futures data, while FxPro adds a spread and adjusts for its own liquidity pool and execution model. The reference price is typically the midpoint between the best bid and ask across major global venues, whereas FxPro’s quote reflects the prices at which it can actually buy or sell XAU/USD from its liquidity providers. This means the broker’s price will always be slightly higher on the ask side and lower on the bid side than the reference, with the gap equal to the spread.

The exact difference at any moment depends on current market conditions, the depth of FxPro’s liquidity, and the entity through which you are trading. FxPro is regulated by the FCA (UK) and CySEC, and it does not hold an ASIC licence, so Australian residents deal with an offshore entity—this can affect the price feed you receive due to different liquidity arrangements. At the maximum leverage available in Australia of up to 1:200, a 0.10-lot gold position needs about $85.50 margin, but the spread cost is separate and is applied to every trade. For a 1 standard lot of 100 oz, a spread of a few pips (where one pip is 0.01) translates to several dollars in transaction cost, though the exact amount depends on the spread at the time.

You should not expect FxPro’s quote to match the reference price exactly, because the reference is not a tradable price. It is a benchmark, while FxPro’s quote is a live, executable bid and ask. When you compare the two, focus on the spread and whether it is stable or widening during volatile periods. A widening spread on gold often occurs around major economic releases or when liquidity thins, and it means the difference between FxPro’s quote and the reference will increase. For Australian traders, checking this difference before entering a trade helps you understand your true cost of trading XAU/USD with an offshore broker.