Does IBKR provide any loan value for unallocated US Spot Gold positions?

No. Unallocated US Spot Gold will be subject to a 100% margin requirement. This means that IBKR will not allow you to borrow money using unallocated gold as collateral. Similarly, your fully-paid unallocated gold positions cannot be used as collateral to purchase or maintain securities positions.

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What are the eligibility requirements for obtaining US Spot Gold trading permissions?
Does IBKR allow short sales of unallocated US Spot Gold?
What is the settlement time for an unallocated gold transaction?
Is partial delivery of unallocated gold offered?