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"Pip" size on gold and silver - Monday, 9th February 2015

We are changing the definition of the "pip" size which our trade analysis uses on gold and silver, from the current value of 1.00 to 0.10.

This reflects a change in the majority of what FX Blue users want. It means that the cash value of one pip's movement on gold and silver is now more in line with the cash value of pips on most forex symbols. (There is no "correct" or "official" value for the pip size on non-fx symbols; it is an arbitrary convention. For example, a poll of users asking what the pip size should be on gold gives substantial numbers of votes for all of 1.00, 0.10, and 0.01)

For more information about pip sizes, please see the FAQ.

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