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 Lower As Demand In India Slumps

Gold price started the week on negative foot after reports from India that the country’s imports contracted for the fifth straight month in a row, falling by about 30% to USD 2.83 million in April due to the coronavirus lockdowns. India is the largest importer of gold, as the precious [...]
Gold Prices

Gold Price Slides On Better European PMI’s Data

Gold price pressured today on profit-taking and on hopes that recovery will be faster than anticipated as more and more businesses reopen across the globe. Risk on sentiment prevailed yesterday, and Wall Street ended with hefty gains on hopes for more stimulus from the central banks. Positive news earlier today [...]
gold price

Gold Price Push Higher On Risk-Off Sentiment

Gold price trades higher for the second day close to nine-year highs as the euphoria over a coronavirus vaccine fizzled after reports casts doubts on the reliability of the clinical trial results.

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