Best Online Brokers for Gold Trading May 2025

Compare the Best Gold Trading Brokers

Criteria for Choosing the Best Trading Platform

Investing in the gold market is at least a medium-term project. The choice of broker is therefore all the more crucial! Before joining a trading platform, it is imperative to take the time to compare to find the best player for your profile.

Reliability

Trust in your broker is certainly the basis. And recent financial news has shown that a regulated broker is not necessarily a reliable broker. If it is not always obvious to conduct its own investigation, there are several signs of seriousness that, put together, do not deceive:

• A high score on TrustPilot and other certified review platforms
• Objective comments in the forums of savers and individual investors
• Positive reviews in the specialized financial press: reference magazines, periodicals specialized in investments, etc. In the end, it is therefore a certain level of "validation" by the market that counts, rather than any approval.

Markets Covered

By markets available, we mean above all the variety of the offer in relation to your current and future needs. Let's say you're just starting out in stocks and ETFs: while most brokers offer access to Euronext stocks, they are spread thinly across the US and Asian markets.

At the same time, you have to look at the issue of fees and additional costs related to foreign markets to complete the equation. Finally, you should be careful about the diversity of the stocks listed.

Fees and Commissions

Mathematically, your trading profitability is also going to depend on the fees your broker collects on your positions. Low fees are very useful, but you should not make them your only criterion for making a decision. The importance of fees should be put into perspective depending on how often you trade. Clearly, the more active you are, the higher the fees will be.

Therefore, if you are a passive investor who places 5 buy orders per month, you don't need to worry about a €3 gap on a €1,000 monthly trading volume, for example. On the other hand, if you are a scalper, the spreads will weigh heavily in the balance!

Trading Tools

Here it is important to open a demo account to conduct your own investigation and make your own opinion. The first thing to check is the charts, quotes, news and other data elements. Because if there is one area where information is crucial, it is trading!

The second thing to check is the ergonomics of the platform. It is therefore a question of finding a balance with your current investor/trader profile. Not too simplistic, not too complex with regard to your skills.

The third thing to check is the presence of decision support tools. It is always useful to have specialized services, educational content and stock selection tools (screeners, comparators).

Gold News and Analysis

It is advisable to follow the gold price news on different platforms including economies.com. It is also important to do a technical analysis in order to check the gold price forecast.

What is a Gold Trading Platform?

A gold trading platform is a space that a stockbroker makes available to you via the web, a smartphone or directly on your computer, and that will allow you to interact with the gold market. A gold trading platform is organized around three compartments (graphical interface, order placement tools, information flow), to which are added several secondary decision support tools.

4 Best Brokers for Trading Gold

1. Pepperstone - Best Overall Broker for Gold Trading.

   Pepperstone provides an excellent trading environment for gold with competitive spreads and rapid execution speeds. Known for its advanced trading tools and reliable platform, Pepperstone is a top choice for both experienced and new traders focusing on gold trading.

2. FPMarkets - Top Choice for Gold Trading.

   FPMarkets delivers exceptional trading conditions for Gold (XAU/USD), featuring ultra-low spreads, high-speed execution, and flexible leverage options. Perfect for traders seeking exposure to precious metals markets.

3. Plus500 - Best Broker with Multiple Licenses, including Dubai.

   Plus500 offers a secure and user-friendly platform for trading gold. With comprehensive regulatory licenses and strong investor protection measures, Plus500 is ideal for traders seeking a reliable platform to trade this precious metal.

4. XM - Best Platform and Excellent Brokerage for Beginners.

   XM excels by offering extensive educational resources and practical online workshops to support traders in mastering gold trading. The platform's user-friendly interface and comprehensive support make it a great choice for beginners.

Robert Kiyosaki Forecasts 

Robert Kiyosaki, the author of "Rich Dad, Poor Dad," wrote on platform X that he expects gold to reach $3,300 per ounce after Trump's victory in the U.S. presidential election. 

The billionaire explained that Donald Trump wants a weak U.S. dollar in order to boost exports, create jobs, and open new factories. 

Thus, Kiyosaki expects gold prices to rise from $2,800 per ounce to $3,300 per ounce by the end of 2025. 

$3,000 per Ounce 

Citibank Group said: We expect gold to reach $3,000 per ounce within the next six months. 

Gold, which retains its value as a hedge against inflation, tends to perform well during periods of economic uncertainty when investors steer away from riskier assets such as stocks. 

Gold bullion prices hit an all-time high of $2,860.67 per ounce on Wednesday, February 5, 2025. 

Spot Gold Prices 

By the end of 2024, spot gold prices rose by more than 27%, marking the second consecutive annual gain and the largest annual gain since 2010, amid a set of factors including the generosity of global central banks and geopolitical tensions. 

Gold prices usually have an inverse relationship with interest rates. As interest rates fall, gold becomes more attractive compared to fixed-income assets such as bonds, which yield lower returns. 

Types of Demand for Gold 

Industrial Demand 

• Electronics: Gold is widely used in electronic components such as printed circuit boards and motherboards in smartphones, computers, and other electronic devices, thanks to its excellent electrical conductivity and high efficiency.
• Renewable Energy: Gold is used in renewable technologies such as solar cells and lithium-ion batteries, which are essential elements in the transition toward clean and sustainable energy.
• Automobiles: Gold is used in car engines to improve their performance and efficiency.
• Household Products: Gold is employed in home appliances like refrigerators and air conditioners to enhance their functionality and efficiency.

Investment Demand 

• Jewelry: Gold is a precious metal used in the manufacturing of jewelry and art pieces for its beauty and distinctive properties.
• Coins: Gold is used in minting coins for its unique value and relative stability.
• Safe Haven: Gold bars are considered a safe haven for investors during periods of economic and geopolitical uncertainty due to their stable value.
• Exchange-Traded Funds (ETFs): Gold is used in ETFs that allow investors to buy and sell gold without having to physically own it.

Factors Affecting Gold Demand Levels 

• Global Economic Growth: Economic growth drives increased demand for gold in various industrial and consumer sectors.
• Global Interest Rates: A decline in global interest rates enhances the appeal of gold as an alternative investment to low-yield government bonds.
• Economic and Geopolitical Uncertainty: Uncertainty leads to a surge in demand for gold as a safe haven.
• Technological Developments: Advances in electronics and renewable energy increase the demand for gold.

Global Central Banks 

• Global central banks hold gold reserves as part of their foreign exchange reserves to support their currencies and maintain financial stability.
• These reserves provide a form of insurance against currency fluctuations and geopolitical risks.
• Central banks may buy or sell gold depending on their monetary policy objectives and economic conditions.

Largest Gold Buyer 

China and India usually compete for the title of the world's largest gold buyer, but this scenario changed last year as Chinese consumption of jewelry, bullion, and coins reached record levels. Demand for gold jewelry in China increased by 10% while it fell by 6% in India, and at the same time, Chinese investments in bullion and coins surged by 28%.

Indian Demand 

The Indian government reduced import duties on gold and silver to 6% from 15% last year, a move that improved actual demand forecasts and supported jewelry manufacturing in the world’s second-largest consumer of gold bullion.

Top Gold Price Forecasts for 2025 

• Citibank Group forecasts gold prices to rise to $3,000 per ounce within the next six months.
• Goldman Sachs Group forecasts gold prices to reach $2,900 per ounce this year, buoyed by a strong bullish market.
• J.P. Morgan forecasts that gold will hit $3,100 per ounce by the end of 2025, affirming the precious metal as the go-to asset in commodity markets.
• Morgan Stanley expects gold prices to reach $3,200 per ounce by the end of 2025.

Analyst Insights on Gold Prices 

• Kyle Roda, Chief Financial Analyst at Capital.com, stated that gold is likely to remain bullish in 2025, driven by geopolitical risks and expectations of rising government debt due to deep fiscal deficits under a Trump administration, despite potential challenges from rate cuts and a strong dollar.
• Julia Khandosko, CEO of Mind Money Brokerage, noted that global trends will continue to play a major role in moving the gold market forward, with steady and gradual growth throughout the year.
• HSBC Bank expects stable prices in 2025, though the onset of a new pattern with declining actual demand and increased supply might limit further gains.
• Yap Jon Rong, Market Analyst at IG, anticipates additional increases in gold prices as market sentiment remains unsettled over trade measures.
• Jonny Tevis, Strategic Expert at UBS, observed that gold’s rise is driven by a fall in real interest rates and positive investor sentiment toward the metal, pushing the market into a bullish direction.
• Jigar Bandit, Head of Commodities at BNP Paribas, expects central banks to continue buying gold amid geopolitical uncertainty and slowing growth in China, which will keep global expansion under pressure.

Key Gold Price Milestones 

• August 2008: Gold hit a low of $251.90 per ounce.
• February 2025: Gold reached an all-time high of $2,860.67 per ounce.
• February 2025: Gold recorded an all-time closing high of $2,842.27 per ounce.

Best Historical Performance of Gold Prices 

• 2007: Best annual performance with an increase of nearly 31%.
• Q1 2016: Best quarterly performance with an increase of over 16%.
• September 1999: Best monthly performance with an increase of approximately 17%.

Top FAQs About Gold 

Is Gold Price Suitable for Investment? 

Gold is trading around $2,800 per ounce, and in light of most forecasts indicating a bullish market in 2025, we believe that levels between $2,750 and $2,700 per ounce are suitable for investment, with a long-term target above $3,000 per ounce. 

How to Invest in Gold? 

There are several ways to invest in gold, including:

1. Purchasing physical gold such as coins or bars.
2. Investing through gold Exchange-Traded Funds (ETFs) on global stock exchanges.
3. Buying shares in gold mining and refining companies, especially those listed on Wall Street.
4. Trading gold futures, options, and other derivative instruments.

Will Gold Reach $3,000 per Ounce? 

In light of recent developments in global markets and economic, trade, and geopolitical risks, it is entirely possible for gold prices to rise to $3,000 per ounce this year, provided strong industrial and investment demand factors come into play to drive it to new historic levels. 

Is Gold Expected to Rise in 2025? 

Yes, most major institutions and banks forecast that gold prices will continue to rise this year, with the precious metal entering a bullish market and setting new record highs. 

Gold Investment Tips 

Analysts and experts advise investors to closely monitor political and economic developments and diversify their portfolios to include gold as part of a comprehensive risk-hedging strategy.