Gold – Weekend (GDL/USD) allows you to spread bet or trade CFDs on the price of gold over the weekend, when the underlying gold markets are closed. Trading is available from 10pm on Friday to 10pm on Sunday, enabling you to respond to market news and events over the weekend.

Please note: GLD/USD will be open for longer than usual during some bank holidays. Please check the ‘Product Overview’ for Gold – Weekend in the platform for confirmed trading hours, especially around bank holiday weekends.

When you trade on Gold – Weekend, you’re spread betting or trading CFDs on the price of gold during the weekend. This is a synthetic weekend market and is separate from our standard Gold – Cash (XAU/USD) instrument.

As with all spread betting and CFD trading, you don’t own the underlying asset.

Gold – Weekend is a separate instrument to Gold – Cash, with:

• Different trading hours

• Different pricing dynamics

• Typically wider spreads
  

Any positions held at close of business on Sunday will be rolled into Gold – Cash (XAU/USD) at the closing Gold – Weekend (GLD/USD) price.

Note: GLD/USD will be open for longer than usual during some bank holidays, and your position may roll into Gold – Cash at the end of the bank holiday on these occasions.

Gold – Weekend is available to retail clients with a live spread betting or CFD trading account.

You can usually trade Gold – Weekend between the following hours:

• Opens: Friday at 10pm

• Closes: Sunday at 10pm

Trading is normally not available outside these hours, but occasionally where this is a bank holiday and the underlying gold market is closed, Gold – Weekend will be available for longer than usual. Please check the ‘Product Overview’ for Gold – Weekend in the platform for confirmed trading hours, especially around bank holiday weekends.

Yes, Gold – Weekend is available during standard weekends and certain bank holiday periods. This means you can continue trading gold during long weekends or holidays when weekday markets are not operating.

However, not all UK bank holidays result in a full market closure. Gold – Cash primarily follows global market hours, so Gold – Weekend will only be available where the underlying market is closed (for example, over weekends or major global holidays such as Good Friday or Christmas).

During extended closures, such as long weekends or bank holidays when the underlying gold market remains closed for longer than usual, Gold – Weekend may reflect continued market sentiment and news flow. As a result, pricing may diverge further from the last weekday close, and the likelihood of price gaps when the main market reopens could increase.

Spreads on Gold – Weekend are typically wider than weekday (Gold – Cash) spreads. This reflects lower liquidity and increased uncertainty while the underlying market is closed.

As the underlying gold market is closed, the Gold – Weekend price is derived using the following:

• The last traded price of gold before the weekend

• Movements in related markets

• Market sentiment and client activity over the weekend
  

As a result, prices move independently of weekday gold markets.

If your spread bet or CFD position remains open, it will be rolled (at 10pm on Sunday) into Gold – Cash (XAU/USD) at no extra cost.

There are no financing (holding costs) on this instrument over the weekend, as all trades are closed before the start of the standard trading week. The spread is the primary cost of trading.

You can place the following order types on Gold – Weekend:

• Market orders

• Stop-loss orders

• Take-profit orders

The following order types are not allowed:

• Trailing stop-loss order

• Limit order

• Stop-entry order

• Guaranteed stop-loss order

All open Gold – Weekend positions, including stop and limits, will automatically close at 10pm on Sunday at the prevailing market price.

Your profit or loss will be realised at 10pm on Sunday, when Gold – Weekend positions close and Gold – Cash positions open, as a new trade. This process is called ’rollover’.

Gold – Weekend positions can’t be held after 10pm on Sundays.

Note: Gold – Weekend will be open for longer than usual during certain bank holiday weekends. Please check the ‘Product Overview’ for Gold – Weekend in the platform for confirmed trading hours, especially around bank holiday weekends.

If you hold a Gold – Cash position and open an opposite Gold – Weekend position, both remain open until rollover. When the Gold – Weekend position rolls into Gold – Cash, positions are handled based on your account’s netting settings. If netting is enabled, positions are combined into a single net position. If hedging (non-netted) is enabled, positions remain separate. Standard netting rules apply.

All take-profit (TP), stop-loss (SL), and limit orders will be rolled over with the position. They remain attached to the relevant position(s) and retain the original prices set when the Gold – Weekend trade or order was placed. No price adjustments occur during rollover.

Any associated child orders, including take-profit and stop-loss orders, will be transferred to the new trade and recreated on the corresponding Gold – Cash spot instrument with equivalent limit prices.

No, no pending orders or positions in Gold – Cash will roll into Gold – Weekend. Only open Gold – Weekend positions roll into a new Gold – Cash position.

Yes. Once the standard gold market reopens, you can open a new spread bet or CFD position in Gold – Cash. This will be a separate trade and may open at a price that differs from the Gold – Weekend closing level.

The market for Gold – Cash (XAU/USD) closes on Friday at 5pm (EST/New York time) and no trading occurs over the weekend until Sunday evening. During closure periods, you can’t open or close positions in Gold – Cash.

Note: Gold – Weekend will be open for longer than usual during certain bank holiday weekends. Please check the ‘Product Overview’ for Gold – Weekend in the platform for confirmed trading hours, especially around bank holiday weekends.

Where a Gold – Weekend position remains open at the designated rollover time, the platform will automatically execute a market order to close the trade.

In the case of a sell trade, the platform will execute a market order to buy the number of units for that trade at the level 1 price. It will then immediately execute a market order to sell the same number of units on the Gold – Cash instrument at the same level 1 price. A rollover on a buy trade will be executed on the same basis; the platform will automatically execute a market order to sell the number of units for that trade at the level 1 price, and the corresponding market order will be to buy the same number of units on the Gold – Cash instrument at the same level 1 price.

Any associated child orders, including take-profit orders and stop-loss orders, will be transferred to the new trade and recreated on the corresponding spot instrument with equivalent limit prices.

If you already hold an open position in Gold – Cash, then you should be conscious of your account netting settings – if you hold opposing positions in each instrument, then you may see these positions closed as they offset each other. Similarly, if your positions are in the same direction, your Gold – Cash position will be increased. Any child orders attached to the existing position will be adjusted where necessary to reflect the revised position size.

If your account does not hold sufficient funds for the market order in the Gold – Cash instrument, then your position may be closed automatically.

No overnight holding or financing charges will apply to the position during the rollover period.

Gold – Weekend can be used to manage weekend exposure to gold. However, because pricing is based on a weekend market rather than the underlying asset, it may not provide a perfect hedge.

Gold – Weekend can be more volatile than weekday markets, particularly during major geopolitical or macroeconomic events. Prices can move quickly, and your position could move against you rapidly. This could result in you losing your entire account value.

As the pricing for Gold – Weekend is not based on conventional underlying markets, there are some additional risks, including:

• Wider spreads

• Higher volatility

• The potential for market gapping when weekday markets reopen

For further information, please refer to our Risk Warning Notice.

As with all spread betting and CFD trading, it’s important to manage your risk carefully, and you should only deposit money that you can afford to lose.

Yes. When weekday markets reopen, prices may gap up or down compared to the Gold – Weekend closing price. This is normal and reflects new liquidity entering the market.

No, Gold – Weekend may not be suitable for all retail clients. You should ensure you understand how spread betting and CFD trading work, as well as the specific risks of trading during periods of lower liquidity.

Yes, spread bets and trading CFDs on Gold – Weekend are offered under the same regulatory framework as our other spread bets and CFDs, and trading in this instrument is subject to the same client protections.

For full details, including costs, risks, and margin requirements, log in to the platform or app, go to the ‘Product Overview’ for Gold – Weekend, and view the ‘Key Information Document’.