How to short gold
Gold is the most widely shorted commodity among retail traders. The gold price hit an all-time high of $5,626.80 per troy ounce in early 2026 before falling back to approximately $4,115 as of August 2026. This correction illustrates how gold shorts can be profitable when the price is extended relative to fundamentals.
To short gold with us: search for ‘Gold’ in our platform, select ‘sell’, choose your stake (in £ per point for spread bets or in contracts for CFDs), set a stop-loss and limit, and confirm the trade. Each point of movement is worth your stake in pounds on a spread bet. If gold falls 50 points from your entry level and your stake is £5 per point, your profit is £250.
Gold prices are primarily driven by US real interest rates, dollar strength, central bank buying and safe-haven demand during periods of geopolitical stress. With the Fed holding rates at 3.50-3.75% (as of July 2026) and gold having retreated from its highs, some traders have been taking short positions on the basis that less accommodative monetary policy reduces gold’s relative attraction.
Leave a comment