Gold Price

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

Gold Price (XAUUSD) Outlook Boosted to $2,500 – Bank of America

Gold price (XAUUSD) cruised past the important milestone of $2,000 this week as investors remained worried about the weaker dollar and lower yields. And now, analysts believe that the rally is just getting started. In a report yesterday, I wrote that analysts at Deutsche Bank had boosted their outlook for...

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Gold Price

XAUUSD: Gold Price Next Target is $2,100 – Deutsche Bank

Gold price (XAUUSD) momentum is continuing a day after the price crossed the important resistance of $2,000. The price is trading at $2,035, which is a few points below yesterday’s high of $2040. Similarly, silver price is up by more than 2.45% while other metals like palladium and platinum are...

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Gold prices

Growing Bearish on the Gold Price – Here Is Why

The gold price hit a new all-time high recently, and everyone sings the demise of the USD. The world’s reserve currency is at risk, according to many financial market participants. As the Fed keeps printing USD, the fear is that the dollar’s role in the international financial system will be […]