In this report, the focus is on gold price forecast for 2022, 2025, and 2030.
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 prices headed lower on Thursday as the US dollar strengthened on the back of forecast-beating inflation data. Spot gold...
Gold prices eased down from all-time highs on Wednesday, with spot gold going down by -0.20% to trade at $2347...
Gold prices printed another record high on Tuesday, as it reached $2365 per ounce in the spot market, after gaining...
Gold prices rose to new all-time highs on Friday, despite strong US dollar-centric data. Spot gold traded at a new...
Gold prices hit new all-time highs on Monday, driven by growing confidence around a June interest rate cut by the...
Gold price hit new all-time high at the futures market on Thursday, propelled by safe haven appetite. According to data...
Gold prices climbed further on Wednesday, as buying appetite improved on a calmer US dollar. Spot gold went for $2197...
Gold prices slipped further on Friday as a strong US dollar prevailed. The US economy printed out strong data on...
Gold prices hit new all-time highs on Thursday, as investors’ appetite for the precious metal returned after Wednesday’s Fed interest...