How much is 20 pips in gold?

In gold trading (XAUUSD), one pip is a price move of $0.10, so 20 pips is a $2.00 move in the gold price. The monetary value of those 20 pips then depends on your lot size: $200 on a standard lot (100 ounces), $20 on a mini lot (10 ounces), and $2 on a micro lot (1 ounce). This is why lot size matters as much as the pip move itself, because the same 20-pip move produces very different profit or loss depending on position size.