The overnight fee for gold trading in London is also the overnight interest. China Gold and Silver Exchange Association member platform charges are as follows:
3 dollars per batch per day. If it is a weekend position, then it will be settled together on Saturday and Sunday; The minimum position is 0. 1 lot, so it is $0.30 per day. Personally, I think the inventory fee is very low.
Of course, I have many years of experience in this industry. Although standing orders are definitely good, I personally don't recommend staying overnight. Aside from the overnight fee, you will take more risks. If you hold a position at the weekend, your stop-loss price and take-profit price will be cancelled. If there is important news on Monday, it is likely to open higher or lower on Monday, and you will not be able to respond quickly, which will increase your losses. Being quilted is worse than being hurt. The precious metal market has opportunities every day. We don't have to grasp every market. We just need stability, and the most important thing is to put our bags away.
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