XAUUSD COSTS
Gold swap (overnight fee) calculator
Work out what holding a gold position overnight costs or pays: enter your broker’s long or short swap in points, dollars or annual percent, the lot size and the number of nights, including the triple swap.
- Per night
- −$45.00
- Total for the holding period
- −$315.00
A negative number is a cost to you; positive is paid to you.
What the swap on gold is
Gold positions are financed with borrowed dollars. Each night at the broker’s rollover (usually 00:00 server time) you are charged or paid the difference between the interest on dollars and the lease rate on gold, plus the broker’s markup. With US rates above gold lease rates, long gold usually pays a swap and short gold pays less or receives a little.
Triple swap
Spot trades settle two days later, so the position held over Wednesday night is charged for Saturday and Sunday too. Most brokers apply three days of swap on Wednesday night for gold; check your broker’s contract specifications.
Swap-free accounts
Islamic or swap-free accounts replace the nightly swap with a fixed administration fee or a wider spread after a few days. Compare the total cost over the time you usually hold a trade.
FAQ
Where do I find my broker’s gold swap?
In MT4 or MT5, right-click XAUUSD in Market Watch, choose Specification, and read Swap long and Swap short and the swap type (points, money or percent).
Why is the swap negative on both sides?
The broker adds its own markup to both sides, so even the side that should earn interest can end up paying a small amount.
Do I pay swap if I close before rollover?
No. Swap is applied only to positions open at the rollover time.