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Gold overnight swap


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Hi folks!

Can someone explain the calculation for gold (long position) overnight charges? I have done some numbers using the formula and Oil CFD example on the IG website, but my numbers are off every time.

Let's consider this scenario:

Bought Gold @ 1745 and position is open for the past 3 days.

The Helpdesk has sent me a couple of replies about Tom-next and T+2 rates but I'm still getting a charge that doesn't match the explanations.

How does this work out?

Many thanks!

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