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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.

Commodities
·Aug 16, 2022, 11:45 BST

Gold Price Forecast Ahead of FOMC Minutes, US Retail Sales Data

Gold price action is seeing the second day in the red, as the impact of the weak Chinese economic data...
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Commodities
·Aug 09, 2022, 13:46 BST

Gold Price Forecasts Ahead of Wednesday’s US CPI Data

Gold price action has barely moved this Tuesday. Yesterday’s 0.79% gain allows the bulls to recoup most of Friday’s losses...
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Commodities
·Aug 02, 2022, 13:35 BST

Gold Price Gains for a 5th Day on Dollar Weakness, Lower Yields

Gold price action on the XAU/USD chart is seeing a 5th straight day of gains, fuelled by the greenback’s weakness...
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Commodities
·Jul 19, 2022, 14:03 BST

Gold Price Forecasts: XAU/USD Gains, But Sentiment Remains Bearish

Gold price forecasts in the short term remain bearish, despite the 0.48% uptick seen in Tuesday’s trading session. This upward...
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Commodities
·Jul 12, 2022, 08:25 BST

Gold Price Prediction: Extremely Risky to Buy the XAU/USD Dip

Gold price sell-off gained steam as traders waited for the upcoming American inflation numbers. The XAU/USD price slumped to 1,728,...
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Commodities
·Jul 04, 2022, 14:18 BST

Gold Price Prediction: Hawkish Fedspeak Pressurizing XAU/USD

Gold price predictions remain tilted to the bearish end of the spectrum as the price action continues to consolidate between...
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Commodities
·Jun 27, 2022, 07:01 BST

XAU/USD: Gold Price Forecast Ahead of US Consumer Confidence

Gold price gapped up on Monday morning as investors reacted to the latest announcement by G7 member countries. The XAU/USD...
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Commodities
·Jun 20, 2022, 06:07 BST

Gold Price Forecast: XAU/USD Outlook Ahead of Powell Testimony

Gold price is in a tight range as investors focus about the latest interest rate decision by the Federal Reserve....
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Commodities
·Jun 10, 2022, 08:28 BST

Gold Price Forecast: XAU/USD Prediction Ahead of US Inflation Data

Gold price has gone nowhere this week as investors wait for the upcoming American consumer inflation data. It is trading...
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Commodities
·Jun 01, 2022, 08:33 BST

Gold Price Prediction: XAU/USD Outlook for June 2022

Gold price had a difficult performance in May as the Federal Reserve embraced a highly hawkish tone and as inflation...
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