In this section, you will find important Gold price news, actionable trading ideas, and a live XAUDUSD chart to help you understand the markets better.
The gold price is a key factor that affects financial markets and the global economy. Gold is one of the top commodities, only behind crude oil, and is trading almost 24 hours a day Monday to Friday. London, New York, Tokyo, Zurich, Hong Kong, and Sydney are where most of the gold trading activity takes place.
Gold historically has been thought of as a store of wealth and is used as a luxury good as much as an investment.
Gold tends to outperform during periods of financial turbulence or economic weakness. Gold attracts safe heaven inflows during periods of high risk in the markets. The yellow metal has protected portfolios against inflation. Historically when inflation has been higher than 3% the price of gold has increased by about 15 percent.
The factors that affect the price of Gold among others are supply and demand, interest rates, central banks, geopolitics, currency fluctuations, etc. The US dollar remains the benchmark currency for gold. Many economists note that because of gold’s intrinsic value, it is seen more as a currency than a commodity, and that is why gold is referred to as monetary metal. Gold is highly inversely correlated to the U.S. dollar and bond yields. When the value of the USD increases gold becomes more expensive for other nations to purchase. This causes gold demand to fall, which is why there’s generally an inverse relationship between the Greenback and the gold price.
Live Gold Price Chart
Gold Price News (XAUUSD)
Gold price (XAUUSD) briefly touched the ceiling of its trading range for the week early this morning, but retreated slightly after mixed Chinese data. China’s GDP came in at 6.0%, which was the worst it had been since the 90s. However, Chinese Industrial Production increased by 5.8%, which was remarkably [...]
Gold price (XAUUSD) is trading within a tight range as the yellow metal seeks to establish a direction for the day. This has been the case with XAUUSD this week as there have been very few headlines to produce a risk-on or a risk-off market sentiment. XAUUSD is trading at [...]
Gold prices trading lower today as the positive headlines from Brexit and US-China trade deal improve investor sentiment and pressures the safe-haven assets such as Yen and Gold. Last week a report from World Gold Council, showed that the global gold-backed ETFs hit an all-time high, adding 75.2 metric tons [...]
Gold price (XAUUSD) is heading lower in Tuesday’s New York session as positive comments regarding a partial deal at the US-China trade talks hit the markets. Earlier today, the Chinese foreign ministry spokesman had made comments indicating that the US statement about the striking of a partial trade deal was [...]
Gold prices (XAUUSD) trading on positive foot after the correction which drove the gold price below the 1,500 mark. Positive headlines from Brexit and US-China trade talks improve investor sentiment and pressures the safe-haven assets such as Yen and Gold. Last week a report from World Gold Council, showed that [...]
Gold price is up today and is now trading at 1495, having opened for the week at 1488.37. Gold (XAUUSD) bounced off the 1482 support level after ending last week lower on firm risk-on sentiment, brought on by positive headlines from the US-China trade talks in Washington. President Donald Trump [...]
Gold price (XAUUSD) has fallen by nearly $20 after President Donald Trump appeared to talk up a possible trade deal with China. "One of the great things about the China Deal is the fact that, for various reasons, we do not have to go through the very long and politically [...]
Gold prices trading on positive foot after the correction yesterday which send the gold price below the 1,500 mark. Positive headlines from Brexit and US-China trade talks improve investor sentiment. On the US-China trade tensions front, the situation is getting positive as the negotiations restarted in Washington. Better headlines increase [...]
Gold prices trading on positive foot for the third day in a row after conflicting headlines from Brexit and US-China trade talks developments. On the US-China trade tensions front, the situation is getting darker ahead of the negotiations, as China said it would retaliate after US Government put Chinese technology [...]
Gold price trading higher for second day in a row after the impressive rebound from weekly low at $1,486 as risk-off returns to markets as a no-deal Brexit looks now as a possible scenario. On the US-China trade tensions front, the situation is getting darker ahead of the negotiations restart [...]