
An Asia News Network report states that rising individual purchasing power in Cambodia and geopolitical uncertainties in the Middle East are key drivers of gold demand in the South Asian nation. While the government and institutional investors can stockpile physical gold, it can be a hassle for individual investors. From managing taxes to safe storage, you will need to take care of multiple aspects of owning physical gold. The alternative to this is online gold trading. The safe-haven asset can potentially preserve the value of portfolios during times of uncertainty and in down-trending markets.
The good news is that online gold trading is legal in Cambodia. But before putting your money in the markets, here are some things to consider:
Whether you are trading forex, indices or commodities, having a trusted broker by your side is important. Start by looking for a regulated broker. Gold trading in Cambodia can be conducted with brokers regulated by either the Securities and Exchange Regulator of Cambodia (SERC) or global regulators. The Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA) of the UK, and Financial Sector Conduct Authority (FSCA) of South Africa are among the most stringent and trusted regulators.
Familiarising yourself with the trading platform will help you act fast in the live markets, when time is of the utmost importance. Starting with a demo account allows you to understand the platform. It also gives you the time to hone your trading strategy and align it to your risk appetite. Plus, journaling your trades can offer insights into your strengths, weaknesses, favourable market setups, and best times to trade during the session.
Understanding the taxes that apply to your trading gains and keeping meticulous records of your entry and exit prices has several benefits. It helps you manage your finances, set your trading goals, and have realistic expectations from trading. It can also prevent you from getting overtaxed or penalised in a tax audit.
Contracts for difference (CFDs) allow you to explore opportunities regardless of whether gold prices are rising or falling. Plus, CFDs can be traded on margin, which amplifies your purchasing power. But it also amplifies potential gains and losses, making risk management non-negotiable. Practicing risk management even with the demo account, when your capital is not at stake, helps build a habit of hitting buy/sell only after setting risking limits.
In 2025, the XAU/USD recorded 50 all-time highs and surged over 60%. UK-based global financial services group, HSBC, and Canadian precious metal trading company, KITCO, estimate that gold prices could reach $5,000 per ounce in the first half of 2026. The XAU/USD was already trading at $4,586.50 per ounce by January 12, having risen almost 5% in the first 12 days of the year.
To explore opportunities created by the gold price moves, stay updated with the factors that drives the price, such as:
The US dollar and gold, both safe-haven assets, are negatively correlated. When the dollar surges, traders often use USD to capture this surge. When market uncertainties rise or the dollar declines, traders divert their capital to gold, even though it is a non-yielding asset. The Federal Reserve’s interest rates drive market sentiment around the greenback. When the Fed lifts interest rates, returns from the US dollar are higher, which creates demand for the USD. Monetary easing usually weighs on the dollar and is considered a sign to go long on gold.
The geopolitical environment directly threatens the stability of global financial systems, and the markets react to related events almost instantly. In January 2026, US military operations in Venezuela led to a massive buying spree, pushing the yellow metal prices up 3%. Similarly, when major oil routes are at risk, such as during the conflict in the Middle East, gold enjoyed a fear premium and additional value was baked into its prices. Staying updated on news events and the VIX index can offer insights to time your entry or exit (from short positions) right before a significant price swing.
Central banks are the true whales in the gold trading market. Gold purchases by India, China, Poland, and now even Cambodia, create a price floor. This means the XAU/USD could stay above its support level for longer, preventing the price from crashing. Sustained central bank accumulation reports by the World Gold Council can help gauge longer-term trends.
Economic data, such as GDP forecasts, inflation reports and employment data releases, are early indicators of market uncertainty. A decline in estimates of GDP growth or poor job creation reports drive gold prices up. Conversely, expectations of high GDP growth and reports of a higher- than-expected jobs numbers, drive capital to equities and indices. This triggers gold selling.
Breakout trading is one of the most popular gold trading techniques. For this, traders use Fibonacci levels or Bollinger Bands to determine price breakouts above resistance or below support. During a price breakout above the resistance level, traders take long positions, while during a breakout below the support level, they take short positions.
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