When viewing spot gold market quotes, some users notice that the gap between the bid price and ask price stays stable normally but widens significantly at certain times. This change relates to prevailing market quotes and execution conditions. Hence, the platform’s base spread parameters and the real-time bid and ask quotes you see should be interpreted separately.
I. What is the Base Spread of London Gold on Lucky Gold
Lucky Gold adopts a base spread of 15 US dollars per lot for London Gold and 60 US dollars per lot for London Silver, with zero commission. One standard lot of London Gold equals 100 ounces. Therefore, the 15 US dollars per lot refers to the base trading spread calculated based on a standard lot. When users actually place orders, they should check the real-time bid and ask prices displayed on the trading terminal.
II. Why the Spread Is Not Permanently Fixed
Bid and ask quotes come from the live market. When market liquidity, quote speed or executable prices fluctuate sharply, the gap between the two quotes may change accordingly. Therefore, even if you are used to seeing a certain spread figure, you cannot assume it remains identical at all times. The trading terms of Lucky Gold clearly state that floating spreads are applied, and trading parameters may be adjusted according to market conditions.
III. How Much May the Spread Shift During Non-Farm Payroll Releases
For the latest Non-Farm Payroll schedule, Lucky Gold reminds users that the spread of London Gold may widen to 1 US dollar or more; for London Silver, the spread may expand to 0.1 US dollar or higher. It is important to note the measurement method here. Regular trading specifications use the dollar amount per lot, while alerts for special periods refer to the price gap between bid and ask quotes. These two sets of figures cannot be directly compared by contrasting 15 and 1.
IV. How Much Does a 1-Dollar Quote Gap Equal for One Lot
One standard lot of London Gold on Lucky Gold is 100 ounces. If the bid-ask gap reaches 1 US dollar during a special market period, the conversion for 1 lot of 100 ounces is as follows: 1 USD × 100 ounces = 100 USD Therefore, shifts in quote gaps during volatile market conditions will substantially affect the trading cost for the same lot size. This explains why checking real-time quotes before placing an order is more critical than merely memorizing base parameters.
V. Periods Prone to Spread Changes
Wider spreads may occur during releases of key economic data, major market events and periods of rapid price movement, differing from normal trading sessions. Lucky Gold’s recent schedule for major data releases highlights quote fluctuations starting 30 minutes before data publication and lasting 15 minutes after release. If users intend to place orders within this window, observe live bid and ask quotes first before deciding to proceed.
Why Does the Gold Spread Widen Suddenly
To put it simply: The base spread is a regular trading parameter, while the live spread fluctuates with prevailing bid and ask quotes. Lucky Gold sets the base parameter of London Gold at 15 US dollars per lot. However, during major data releases, the gap between bid and ask quotes may expand markedly. When assessing current trading costs, always prioritize the real-time quotes shown on your trading terminal.