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

XAUUSD: 4 Reasons Why Gold Price Is Having Its Best Week Since 2008

Gold price fell slightly today as traders took profits from its best week since the 2008/9 financial crisis. In the past five days, the price of gold has surged by more than 10% and passed the important resistance level of $1,700.

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Gold prices

Gold Price Bullish After Senate Passes the US Coronavirus Relief Package, Jobless Claims Ahead

While volatility on gold price has been limited in the last few trading hours, technicals on XAUUSD suggest that buyers may soon push the market higher. It may have something to do with the massive coroanvirus relief package that the US Senate just passed. Read our Best Trading Ideas for...

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Gold prices

Gold Price Technicals Hint at More Upside Potential Following the Fed’s Additional QE

Gold price benefitted from the dollar’s weakness in yesterday’s trading following more easing measures from the Federal Reserve. As my colleague Eno Eteng reported yesterday, the central bank pledged to purchase the necessary amount of government bonds to smoothen market functions....

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Gold prices

Gold Price Surges Intraday As Fed Expands Asset Purchase Program

Gold price action has experienced a bullish surge intraday as the US Federal Reserve announced that it would purchase government-backed bonds in “amounts needed to ensure smooth market functioning”....

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gold price

Gold Price Capped at 200-Day Moving Average, Sellers in Control

Gold price started the week lower after a short positive break on Friday as the liquidation of all assets set to continue for one more day amid the global disruption due to coronavirus outbreak....

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Gold Price Today

Gold Price Rebounds Above $1500

Gold price managed to rebound today and reverse yesterday’s losses as the precious metal bounced from oversold levels. Gold is under selling pressure amid the global sell-off due to the coronavirus outbreak. Investors liquidate portfolios even safe-haven assets in the search for cash....

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