How much is 20 pips in gold?

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