How is the overnight interest on spot gold calculated?

The overnight interest of spot gold is calculated according to the spread, and the formula is:

    • Lot size (1) * contract size (100) * minimum change unit (0.01) * overnight interest for long or short orders * trading days

The overnight interest rate of spot gold will change according to each trading day. Details can be viewed in the product specifications of MetaTrader 4 or the Doo Prime official website – overnight interest rate.

Link:Doo Prime Official Site – Overnight Interest

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Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. The past performance of a financial instrument is not an indication of its future performance. Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed by us herein.