Gold hits 3 month high as investor expectations that the Fed will eventually cut interest rates in the face of...
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 is trading in narrow trading range today between 1,330 and 1,334 as investor expectations that the Fed will eventually...
Gold manages to close higher today after a volatile session at $1,328. The precious metal, spend the first half of...
Gold started the day higher today after yesterday’s correction at $1,330. The precious metal, trades at 1,336 hitting the low...
Gold is trading higher after a volatile session which started lower and stopped at the 200 hour moving average at...
Gold is trading lower today and as of writing is testing the 100 hour moving average after a volatile session...
Gold registers an impressive rally after it broke above the 1,357 yearly higher as bids were throwing like there is...
There are not any major events today in our calendar, earlier in Japan the IHS Markit Flash Manufacturing Purchasing Managers’...
Gold continues the impressive rally making fresh five year high at 1,411. USD weakness and an escalation in USA –...
Gold holds the gains from the recent rally above 1,400. USD weakness and an escalation in USA – Iran tensions...