Why is Gold rallying today?
Gold extended gains today as markets responded to lingering US–Iran tensions and the possibility of a prolonged conflict.
Jamie Dutta, Senior Market Analyst with Nemo.money, commented on Reuters today:
“Geopolitical concerns are front and center with reports that if the U.S. were to take military action against Iran, it could go on for several weeks.”
For traders and investors, this highlights how gold reacts to both geopolitical risk and broader macro sentiment, making expert insights critical to navigate volatile price action.
Stay ahead of the markets with Jamie’s updates on gold, global stocks, and other investing opportunities with the Nemo.money app.
How to invest in gold in the UAE through gold CFDs
On the Nemo.Money app, you can invest in gold CFDs through our boost category on our app, which is designed for trading any kind of asset as a CFD or contract for difference, including commodities like gold. Trade the ‘spot price’ of gold by predicting whether it will rise or fall.
- First, open your account and deposit funds.
- Then, decide whether you would like to open a long or short position on gold. (If you choose to go short you are predicting that the value will drop, but if you go long you are predicting that the value will rise.)
- Use stop-loss orders to automatically close the position if the value moves beyond a certain point.
How to invest in gold in the UAE through gold ETFs
We have a selection of ETFs or exchange traded funds that will allow you to invest in physical gold. Why not check out SDPR Gold Shares (GLD), iShares Gold Trust (IAU) or Physical Gold Shares ETF (SGOL)? While these are funds run by companies based in the US and UK, they are a few of the most popular gold ETFs, and you can invest in them from the UAE through our platform.
Simply make your deposit and then buy shares in whichever ETFs you wish.
How to invest in gold in the UAE through gold Stocks
Gold shares available on Nemo.Money include the Barrick Gold Corporation (GOLD) and GoldMining Inc (GLDG). Choose which stocks you’d like to purchase and add them to your portfolio. With Nemo.Money, you can also purchase fractional shares which allow you to buy a portion of a share at a lower cost - this can help you diversify your portfolio by purchasing a smaller share in more companies.
Download the Nemo.Money app to trade Gold commission free. New users can grab our registration bonus up to a maximum of $50 on first deposit. Terms and conditions apply.
