An Example: Calculating the Profit and Loss of XAUUSD, Spot Gold vs US Dollars

The screenshot below has been captured as an example to perform the calculation followed.

From the XAUUSD contract specifications, we know that:-

• Contract size of XAUUSD: 100 oz

From the open order displayed in the Terminal’s Trade tab, we know that:-

• Open price of the order: 1,576.78
• Current market price: 1577.94
• Order size: Buy, 10.00 lots

Therefore the gross profit and loss:-

Gross profit
= (ClosePrice – OpenPrice) × Volume × ContractSize
= (1577.94 – 1,576.78) × 10.00 × 100
= 1,160 USD

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