Know what a single pip is worth before you open a gold trade. Enter your lot size and see the dollar value of one pip on XAUUSD — the foundation of proper risk management.
XAUUSD gold: 1 standard lot (100 oz), 1 pip = 0.10 price move ≈ $10 per lot.
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One pip (a 0.10 move) is worth about $10 on one standard lot of gold (100 oz). On a 0.1 lot it is about $1, and on a 0.01 lot about $0.10.
Pip value tells you how much money you gain or lose per pip of movement. Without it you cannot size your position or set a stop-loss that matches your risk.
For gold priced in USD, pip value per lot stays close to $10 regardless of the gold price, which keeps the maths simple.