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High Spreads Limit Short-Term Trading Viability
Digital gold favors long-term holding over active speculation.
Because of the 3% GST and the 3-6% buy-sell spread, digital gold is a poor choice for day trading.A trader would need a massive 10% price move just to make a small profit after costs. This asset is strictly designed for savers and long-term investors. If you want to trade gold daily,you should look at Gold Futures or Options, which offer much lower transaction costs.