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 Ready for a New Leg Lower – $1,650 Next

Gold price forms a massive head and shoulders pattern on the daily chart, one that should act as a continuation pattern. Typically, head and shoulders patterns appear at the end of rising trends. However, during falling trends, they do not act as reversal patterns but as continuation ones. The price […]

Gold prices

Gold Price Prediction: Bearish Flag Points to Lower Breakout

Gold price is under intense pressure today even after relatively strong inflation numbers yesterday. The XAU/USD price is trading at 1,842, which is substantially lower than yesterday’s high of $1,958. Other commodities are also struggling, with the silver price falling by more than 1.2% and lead and zinc falling by […]