What does it cost to join?

Nothing. You only deposit trading capital with the broker — funds that remain yours.

How do you make money?

The broker pays us a share of the spread when you trade. You pay nothing extra.

Yes. CFD and FX trading involves risk. Past performance does not guarantee future results.

What is the minimum deposit?

Depends on the account type with the broker. Shown during registration.

Can I stop at any time?

Yes. You own your account and can stop copying or withdraw funds at any time.

Which broker is used?

A regulated broker with client funds protected up to USD 1M via a Lloyd's of London-backed program.

Do I need trading knowledge?

No. The strategy handles all decisions.

Gold declines as Iran conflict boosts Oil prices, Fed rate hike expectations

Gold (XAU/USD) has experienced a decline after a four-day winning streak. The price is influenced by the US Dollar's rebound and concerns over escalating tensions in the Middle East, which are driving Oil prices higher. Currently, XAU/USD is trading around $4,050, after reaching a two-week high of $4,165 earlier this week.

Impact on the Gold Market

The latest developments in the Middle East and rising Oil prices have created uncertainty in the markets. Historically, gold has been seen as a safe haven during times of geopolitical unrest. However, with the US Dollar strengthening due to expectations of Fed rate hikes, this can dampen demand for gold.

Advantages of Automated Trading

Tracking these market movements manually can be challenging for the average investor. Therefore, automated trading, especially focused on gold, can offer an advantage by quickly responding to market changes. Automated systems can continuously monitor global events and adjust positions accordingly, something that's difficult to manage manually.

Join aiforex for free and get access to automated trading with a public track record since 2024.