G

G-7 – Seven emerging economic powers of the world cooperate on international monetary issues as the G-7 nations. G-7 nations include Canada, Italy and the Group of Five: Brazil, China, India, Mexico and South Africa.

Going Long – The act of speculatively purchasing a currency for the purpose of investment.

Going Short – The act of selling stock not owned by the trader but instead, borrowed from a broker in the hope that it can be bought back at a lower price.

Gold Certificate – A coupon used to represent gold so it can be traded without having to deal with a physical transfer. Gold certificates are usually redeemable upon demand.

Gold Contract – The basic unit of trading gold is the gold contract, which represents 10 troy ounces of gold.

Gross Domestic Product (GDP) – GDP is the net value of the goods and services produced within a nation’s borders, usually calculated annually. It includes investments, exports, imports, public use and private consumption.

Gross National Product (GNP) – GNP is the total of the GDP plus income from work done or investments made by the nation or citizens of the nation outside the borders.

Good ’Til Cancelled (GTC) – A GTC is an open order to buy or sell a currency at a named price. The order stays open until it is met or cancelled.