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 Looks Weak As It Meets Tough Resistance

The inability of the gold price to break above dynamic resistance makes it look weak here. Similar price action we can see on the EURUSD pair, that mirrors the price action in gold by the pip. With a little over one week until the U.S. elections, the ranges on gold […]

Gold Price

Gold Price Ready to Pop as Stocks Set for a Rebound

Gold price regained the $1,900 level and held it well. Despite yesterday’s selloff in the stock market, the price of gold failed to confirm the weakness. In fact, it does just the opposite, consolidating around dynamic resistance. Will it break higher? Judging by the pattern, it looks like a triangle […]

Gold prices

Gold Price Bid Ahead of U.S. Elections

The U.S. elections are just around the corner, and the gold price is one market that reveals the uncertainty surrounding the event. While Biden leads in the polls at the moment, investors cannot forget what happened in 2016 when Trump recovered dramatically and eventually won the White House. So far, […]

Gold prices

Gold Price Remains Bid Despite a Higher USD Yesterday

Gold price got rejected from the apex of a contracting triangle and now heads for the second one. Despite a stronger USD yesterday and a decline in the price of gold, the yellow metal will likely correlate with the stock prices and a possible risk-on move towards the end of […]

Gold prices

Gold Price Seeks Catalyst for Another Push Towards $2,000

Gold prices are holding steady above the $1,920 level and are looking for another push towards the August highs above $2,000. Prices have dipped slightly over the last two days after hopes for a second U.S. stimulus faded. A strong commodities rally in July was spurred by fears over debt […]