Spot gold orders cannot be simply regarded as "requiring no action after opening a position". Whether you can keep holding a position depends on the platform’s trading hours, settlement arrangements, holding-related fees and holiday rules. Especially for overnight and weekend carry positions, the considerations differ from intraday trading.

Overnight swap will be generated when a London Gold position is held past the settlement time. Lucky Gold calculates overnight swap based on the closing price, contract unit, trading lot size, number of holding days and corresponding annual interest rate.

The gold-silver ratio is calculated by dividing the gold price by the silver price. A gold-silver ratio of 80 means that based on the same weight unit, one troy ounce of gold costs approximately the same as 80 troy ounces of silver.

The term "offshore gold" commonly refers to gold products traded under the international market pricing system. London Gold is typically quoted in US dollars per troy ounce, while the domestic gold market mostly uses Renminbi per gram.

Once a gold order is closed, the margin originally locked for that position is no longer required to maintain the trade and will be released by the system. Provided no other factors tie up these funds in the account, free margin will usually increase accordingly.

Why was the gold price different yesterday compared to today? Why does gold price shift rapidly once certain economic news is released? International gold prices adjust constantly through buying and selling activities across global markets. In its educational content, Lucky Gold categorises the factors driving gold prices into five major groups: the US dollar, interest rates, inflation, economic data and market sentiment.