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 Action Remains Bearish – New Lows Expected

Gold price reversed from a triangular pattern and now is back below the main bearish trendline. Put it simply, the price action is back into bearish territory, especially considering the fact that the series of lower highs that started with the double top pattern remains in place. For the price […]

Gold Price

Gold Price: Descending Channel Dullens Metal’s Shine

Gold price was trading at 1,723.94, down by 0.51% amid the heightened optimism on the fast recovery of the US economy. On Monday, the dollar index was up by 0.09% at 92.82. The passing of the stimulus package, as well as progress of COVID-19 vaccinations in the country, has fuelled […]

Gold prices

Gold Price Bullish Reversal Points to $1,800 and Above

Gold price appears to have formed a bottom recently. While the crude oil price corrected from the highs, dropping over ten dollars in less than a week, gold holds the ground and even broke above a major bearish trendline. Moreover, it formed a triangle as a continuation pattern, and the […]