Gold futures & XAU

Guys,
I have been trading XAU for a while I also have a futures account with another broker. Looking at the gold futures /GC, it seems that the spread is usually $0.10 or $0.20, which is much smaller than XAU spread (my broker offers spread around 50 pips for XAU). If you trade 200 - 500 oz. gold, the cost of spread does add up.

However, comparing the market depth, spot gold seems much more liquid than /GC. For /GC, on the ask & bid side, usually it's only 1 - 3 contracts on each side.

My question is which one do you prefer trading? Which one is more liquid and cheaper (considering slippage, spread & commissions)?

indian rupee

patten : bat - reciprocal ab=cd

http://pcmbrokers.org/pcmfileupload/...605689411.jpeg

ds= silver

BUTTERFLY

http://pcmbrokers.org/pcmfileupload/...913211441.jpeg

Futures

eur

http://pcmbrokers.org/pcmfileupload/...168016821.jpeg

Futures

dinr

pattern: alt bat

http://pcmbrokers.org/pcmfileupload/...129578831.jpeg

Futures

jpy

The price for a 4-hour time limit on the density of a rectangular swing . The process was moving out of the price range we expected .

http://pcmbrokers.org/pcmfileupload/...429332891.jpeg

Futures

chf

time h4

pattern :bat - inv ab=cd

http://pcmbrokers.org/pcmfileupload/...557538491.jpeg

GOLD
MARKETS
Gold Spot traded at $1,583.30 in Asian hours down 5.5 % this year. The price dropped to $1,555.55 on Feb. 21, the lowest since July 12, A fall in February for a fifth monthly loss would be the worst run since 1997.

COPPER
Copper dropped to a two-month low onMonday, in Asia tracking weakness in the European market in the previoussession on concerns over the pace of global economic recoveryand the outlook for the U.S. Federal Reserve's easy monetarypolicy.

OIL
Oil prices rose on Friday as German business sentiment improved, but crude futures still fell by the weekly margin of 2013 after a sell-off in commodities markets earlier this week. Brent crude rose 57 cents to settle at $114.10 , but was down 3 % on the week. U.S. crude futures rose 29 cents to settle at $93.13 a barrel, but were down 2.8% this week.

MARKET PULSE

 

1. INDIA: RBI's external members suggest reducing repo and use of open market operations
2. INDIA Fiscal deficit to be about 5.2% of GDP compared with target of 5.3%,
3. INDIA: FORECAST 'trade, hotel, transport and communication' growth at 4.8% Vs. FY11 - 11.1%;
4. GOLD Central Banks Buy purchases up 17 most since 1964
5. GOLD ETPs stood at 2,560.097 tons on Feb.22, down 2.8 % from high
6. UK : Moody's downgraded of Britain's prized triple-Asovereign rating.
7. JAPAN: Yen Drops to Near 3-Year Low on BOJ Easing
8. US Fed stimulus raises employment in Auto and Housing segments
9. UK Chancellor of the Exchequer G Osborne Britain has a debt problem, built up over years
10. AUSTRALIA: AUD Declines After China PMI Falls Short of Forecast
11. JAPAN: ADB President Haruhiko Kuroda likely as Bank of Japan governor,

Futures

DGBP

time h4

http://pcmbrokers.org/pcmfileupload/...901511661.jpeg

MARKET PULSE

 

1. INDIA : FM Chidambaram presents economic survey for 12M ended March 2013
2. INDIA Gov target fiscal deficit at 4.8 % of GDP Vs Forecast 5.3 %
3. INDIA : Total inflows in stocks this year to $8.3 billion
4. US Fed. Bernanke defended asset purchases.
5. GOLD : Gold holdings in ETPs, at 2,529.994 MT fell 3.15 % this month, the biggest fall in 5Y
6. GOLD fell 3.8 % in 2013
7. EURO ZONE The euro traded near its lowest level in six weeks on Italian Concerns

INDIAN INR
MARKETS
INR up 0.4 % to 53.8900 with a high of 53.8625 earlier, . One-month implied volatility rose 17 basis points, to 9.67 %. 3Mforwards at 55 , Vs. 55.22 . 3M NDF at 54.89 Vs. 55.14. 12M NDFs at 57.43. 1-year IRS at 7.6250%; 5-year IRS at 7.2000% , 10Y at 7.81%

GOLD
MARKETS
Spot gold fell 0.1 % to $1,611.55 in Asia heading for the fifth straight losing month. Gold was at $1,620.37 yesterday, the highest price since Feb. 15, Gold r April fell 0.3 % to $1,610.70 after rallying as much as 2.1% to $1,619.70 , Cash silver fell 0.6 % to $29.23

COPPER
Copper rallied on Wednesday after the U.S.Federal Reserve reassured investors of its commitment to loose monetary policy, helping prices pull away from two-month lows hit the session before. Three-month copper up 0.74 % to $7,916.50 adding to small gains from the previous session.

OIL
Brent crude oil fell to a one-month low under$113 a barrel on Tuesday on worries about an inconclusive Italian election that revived investor concerns about instability in the euro zone and threatened the outlook for fuel demand. Brent crude hit a session low of $112.61 a barrel,its weakest since Jan. 28, and was down $1.70 at $112.74. U.S.crude oil was down 65 cents at $92.46 a barrel, after touching a low of $91.92, a level not seen since Jan. 4.

MARKET PULSE

 

1. INDIA : FORECAST 4Q GDP expanded 4.9% Y/y vs 5.3% in 3Q,
2. INDIA : Finance Minister Chidambaram presents annual budget for 12 months starting April 1
3. INDIA : FM vowed to pare the gap to 4.8 % of GDP Vs. 5.3 % this year.
4. INDIA : may grow between 6.1 % to 6.7% next fiscal year
5. GOLD ETP fell to a 5M low of 2,508.53 MT yesterday (4 % monthly fall) biggest fall since April 2008
6. GOLD ETP holdings have dropped by 103.7 tons Feb more than five times the net sales in January.
7. US : Bernanke testimony :the Fed may hold bonds on its $3.1 trillion balance sheet to maturity
8. US : $85 billion in Automatic federal spending cuts begin to take from tomorrow.
9. EURO ZONE : Smooth auction of Italian government bonds helped ease worriesabout the election
10. JAPAN : Yen Falls for Third Day as Abe Nominates Kuroda for BOJ Governor
11. AUSTRALIA : RBA Says Up to 34 Central Banks Holding AUD , says AUD 15% overvalued
12. EURO ZONE Central bankers need to plan for monetary tightening to avoid asset bubbles, Danish central bank overnor Lars Rohde
13. EURO ZONE Draghi Says ECB in No Rush to Tighten Policy as Inflation Slows

Commodities

 

1. Gold Heads for Worst Monthly Run Since 1997 as Demand Slumps
2. Rhodium Beating Platinum to Palladium on Car Sales
3. WTI Rises Second Day, Trimming First Monthly Drop Since October
4. Gold ETP Holdings Tumble in Longest Decline on Record

INDIAN INR
MARKETS
INR rises 0.4% to 53.6400 trimming monthly loss to 0.8%; 1-month volatility falls 10 bps to 9.4000%, 12-month NDFs rise 0.2% to 57.06, 1-year IRS at 7.6100%; 5-year IRS at 7.1950% , 10Y at 7.799%