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)
After rejecting the critical resistance at $1489.52, the gold price dropped towards the trend line support at $1466.92. The strong rejection of the support at $1466.92 and a dovish statement from the FED officials have fueled up the bulls. If the yellow metal bulls gain control from this level, we [...]
Gold prices had a volatile trading day yesterday on news surrounding the US-China trade negotiations. XAUUSD initially rallied to an intraday high of $1,486.45. However, gold bulls could not sustain the move and the commodity dropped to an intraday low of $1,463.64. By the New York session close, gold prices [...]
Gold prices took a huge hit this Thursday as risk sentiment returns to the market following comments by US President Trump on getting closer to a US-China trade deal. The President had tweeted that a big deal was coming, which immediately triggered a selloff in the XAUUSD pair. In addition, [...]
Gold prices consolidate at weekly highs on dovish comments from Fed chair Jerome Powell. The Fed yesterday kept the interest rates unchanged as was widely expected by markets. Governor Jerome Powell noted that the US economic outlook remains strong despite global growth risks. He also said that as long as [...]
As expected, the FOMC left its Fed Funds Rate unchanged at 1.75%. This was already priced in b the markets to the tune of 97.5%, so this decision did not create any surprises in terms of price movements of the critical assets directly linked to the decision. Inflation and GDP [...]
Gold price sharply falls in the global market after hitting the critical resistance level at $1490.02. The downfall was intensified by the positive NFP data. Since the price of gold is measured in the U.S dollar, a slight change in the U.S dollar index has a significant impact on this [...]
Gold prices trade 0.18% higher today at $1,464 as the yellow metal is under selling pressure the last trading sessions on improved sentiment in trade talks between the U.S. and China and stronger NFP data last Friday. Investors await Fed’s final policy meeting with analysts expecting that will keep interest [...]
Last week, GOLD prices fell sharply in the global market as the NFP data (forecast 181k, actual 266k) was better than expected. Gold prices started their bullish rally after finding some decent support at $1446.92, the low of 12th November. However, the bullish rally was short-lived as the GOLD prices...