Interactive Brokers Group Rolls out US Spot Gold Trading

Interactive Brokers Group, a provider of trade execution and clearing services, has announced the launch of US GOLD, enabling clients to trade U.S. spot gold in amounts as small as one ounce, side-by-side with other asset classes from a single, integrated account. 

In addition, U.S. clients will be able to request physical delivery settlement of COMEX Gold and Silver futures directly from their accounts on May 17.

Investors use gold as a store of value to hedge against inflation, to diversify a portfolio, or as a safe haven during geopolitical and macroeconomic uncertainty. Adding spot gold to Interactive Brokers’ broad product offering offers U.S. clients with direct access to gold at a time when many are predicting inflation to rise.

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers said: “Interactive Brokers’ advantage has always been our low cost, advanced technology, and breadth of product worldwide for sophisticated individual traders and institutional investors. The addition of spot gold and physical metals delivery continues our mission to equip our clients with the products and tools they need to succeed in all market conditions.”

From today, Interactive Brokers’ U.S. clients can trade U.S. spot gold as they would other products such as stocks, bonds, options, futures, or currencies. US GOLD transactions have low and transparent tiered commissions from 0.7 bps to 1.5 bps of trade value with a minimum of $2.00, are priced with tight spreads, and are available in quantities as small as one ounce.

Fazzaco earlier has reported on Interactive Brokers rolling out updates to PortfoloAnalyst​, which is designed to help investors consolidate, track and analyze performance across all their financial accounts.