Financing cost on Gold

[Macca]

I would like to trade Gold on the IG platform. If I hold my position overnight, what is the daily cost?

 

[KoketsoIG]

41 minutes ago, Macca said:

I would like to trade Gold on the IG platform. If I hold my position overnight, what is the daily cost?

 

Hi @Macca,

Please note that commodity funding is based on the market cost of carry, plus an admin fee of 2.5% per annum. 

The daily estimated overnight funding rates for commodities (basis adjustment plus our admin fee) can be viewed on our platform. We call them swap rates. Depending on your direction and size, you can estimate your daily financing costs.

Please see the screenshot on how to find the swap bid /swap offer rates from our platform. Swap Bid/ Swap Offer

All the best,

KoketsoIG