Gold Swaps Charging Side Reverse

Dear valued clients.

 We observed that recently there is a huge volatile for XAUUSD swaps. Due to most of our LPs and other retail brokers have changed swap charging side. We hereby announce that XAUUSD swap charging side will change as well, from long debit short credit, reverted to long credit short debit. 

This is because major news like Trump came into power, US bank holiday and Martin Luther Kind holiday etc. Result that interbank gold market abnormal volatility.  And the basis between spot and future change as well.  This abnormal volatility has caused short of liquidity of gold market, so the swap market has huge volatile as well, and a revert of swap fees charging. 

The risk team of this company will monitor closely of the swap market and inform our clients with any significant change in a timely manner. 

Should you have any questions please feel free to contact us.

ZFX / Zeal Capital Market