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)

 

Risk Sentiment Wanes on New US-China Trade Woes

The risk-on sentiment which hit the market after the agreement in principle to postpone the tariff regime on electronic components from China seems to have worn off Thursday as China has accused the US of reneging on the agreement with a new 10% tariff. Gold is starting to receive safe-haven [...]
Gold price chart

XAUUSD: Gold Prices Reach Target, What Lies Ahead?

Gold prices reached a new multi-year high this morning, and have also reached the target of the ascending triangle I highlighted last week. Because the trend is upwards, the price could continue to add to its gains in the days ahead, but the risk-reward ratio for new long positions is [...]
Gold Price Approaches The 1,488 Target

Gold Price Approaches The 1,488 Target

Gold price retreats from daily highs around 1,474 area as the positive momentum is still intact. Gold is getting a hand from the escalation in US – China trade war tensions. The low for the day is at $1,456.31 and the high at $1,474.79 just shy of the 1,488 target. [...]

XAUUSD: Gold Prices Reach New 2019 High

Earlier, today Gold prices (XAUUSD) reached a new 2019 high of $1459.95 as global stock markets plummeted amid the threats of new US tariffs from September 1, and investors searched refuge in the yellow metal. The price trend of XAUUSD has been bullish from the start of the year, and [...]
Gold Looking for A Break Above the Continuation Rectangle

Gold Looking for A Break Above the Continuation Rectangle

Gold price is attracting bids the last two hours and is approaching the critical $1,446 resistance. Gold is getting a hand after President Trump yesterday announced an additional 10% tariffs on the remaining USD300 billion worth of US imports from China, starting September 1st. Investors turn to safe heaven assets [...]