leverage rise too much the risk also, so it is not really a thing i would like to deal with, but if the fluctuation were bigger, one could earn a good amount without risking more
I specifically mentioned that no one can force you to buy more gold than you can cover with your deposit. Your risk of price volatility in that case would be the same if you just bought that much gold without leverage...
the problem with leverage is that you will rise a debt(if your trade go wrong), that without it there would not be, then you're in trouble if you can't repay it in time
instead with your capital, you will not get those kind of problems, simply because you can't trade more than what you have
one could argue that you should not use a leverage that is higher than your total capital, but then i would say, what is the point of it, if i can just use my own capital(raising my investment to match the possible leverage) instead