Post #10623

Good Morning Traders Why the market is closed on Gold Good Friday is a major Christian holiday observed globally. On this day: * Most major financial centers (US, UK, Europe) close. * Stock exchanges like the NYSE and LSE are closed. * Commodity markets including gold futures (COMEX) are closed. * Many liquidity providers for forex and metals stop quoting prices. Because XAUUSD pricing heavily depends on futures markets and institutional liquidity, brokers usually: Close trading early Or suspend trading completely for the day For many brokers: * Forex pairs: Closed or very low liquidity * Metals (XAUUSD, XAGUSD): Usually fully closed * Indices & commodities: Closed What happens after the holiday Trading normally resumes when markets reopen: Sunday evening (server time) when the forex market opens again. Important for traders During Good Friday: * Spreads widen dramatically before the close. * Liquidity drops. * Some brokers adjust swap or margin requirements.