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 prices

Gold Price Pressured By Optimism on Brexit and Trade Deal

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 Prices

Gold Price Below 1,500 Gives Bears the Upper Hand

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 prices

Gold Retreats on Positive developments in Trade Talks

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

Gold Price Volatility Increases amid Confusing Headlines

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 Prices

Gold Price Bullish Above $1,500

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 [...]