Gold prices slipped further on Friday as a strong US dollar prevailed. The US economy printed out strong data on...
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 action on the XAU/USD pair continued the slide on Monday, falling 0.64% to extend the slide, which was...
The gold price has tumbled to support at 1,863 after a further rally in the dollar and the precious metal...
Safe-haven demand is dominating the markets this Friday, allowing gold prices to attain intraday highs at 1634.09. Demand for safe-haven...
Gold price has recouped the year’s losses by trading above the psychological level of 1,900 for the first time since...
Gold price (XAUUSD) is trading at $1467.30; down slightly after the Non-Farm Payrolls report showed that 266K jobs were added...
The lower-than-expected US advance GDP data appears to have dampened the mood on the greenback and allowed spot metals to...
Gold price (XAU/USD continues to amass gains and appears to be on its way to recovery above the $1800 mark,...
Gold price looks weak here despite a recent bounce. The reaction on the gold market is likely driven by a...
Gold price adding 0.51% at 1588.53 as investors shift to safe-haven assets after the revenue warning from Apple (AAPL). The...