Gold price (XAGUSD) is down slightly today as traders wait for a statement from Jerome Powell. The yellow metal is...
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.
Gold price is in trouble. Yesterday, it dropped to a low of $1,820, which is the lowest it has been...
Gold price is up by 0.26%, continuing the rally that started four-day ago. The price is trading at $1,768, which...
Gold prices are now trading below the $1900 mark after renewed stimulus hopes and talks of airline bailouts hit the...
Gold price bearish action continues.
The AUD to GBP rate continues on its upside trajectory, registering the 8th day of gains in nine as the...
Gold price hold the headlines during the COVID-19 pandemic. It reached above the $2,000 level, a new all-time high for...
Gold price is under heavy selling pressure as the correction from all-time highs accelerates despite weak risk sentiment.
The gold price looks weak here as the market forms a triangle as a continuation pattern. Since the second rejection...
The recent reversion in the difference between the Gold price and the bitcoin price comes as JP Morgan suggests investors...