CFI Joins Weekend Gold Trading Ranks with New CFD
Dubai-based CFI Financial Group has launched Gold 24/7, a gold CFD that allows clients to trade when regular gold markets are closed. The instrument trades under the symbol XAUUSD-24H and is available Monday through Sunday from 00:05 to 23:58 server time. CFI's CEO Ziad Melhem said, 'We have been gradually extending access beyond conventional trading hours where it makes sense, and Gold 24/7 is part of that broader direction.' This move comes as several other brokers have launched similar weekend gold products in recent months.
Clients can open and close positions using the new instrument, which has its own pricing and product conditions separate from CFI's spot gold instrument (XAUUSD). The product is offered through selected CFI entities, with availability and conditions varying by jurisdiction and local regulatory requirements. Spreads and leverage for the instrument were not disclosed.
The launch of Gold 24/7 follows a trend in which several brokers have introduced weekend trading options for gold. In April, CMC Markets launched a weekend gold product for spread betting and CFD clients, while Scope Prime introduced DIGIXAU, a continuous gold CFD for institutional clients, in March.