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 extended its record-breaking rally on Monday, briefly touching $4,059 per ounce as trade frictions, geopolitical turmoil, and dovish Fed…
A Historic Break, Then a Sudden Pause This week will be remembered as the one when gold finally crossed the…
Gold ‘s breakout above $3,800 did not come out of thin air. It reflects a rare alignment of falling real…
Gold has just broken the $3,800-per-pound mark, hitting a new all-time high of $3,831. Expectations of a dovish Fed, a weaker…
Investors brace for weak U.S. payrolls: gold holds near record highs as Fed easing bets dominate, but risks of volatility…
Gold price has been rising steadily, reaching new records as the world continues to experience rising political and economic uncertainty. The yellow metal…
Gold (XAU/USD) latest rally has been driven by three familiar themes: rising expectations for further U.S Federal Reserve rate cuts,…
In this report, the focus is on gold price forecast for 2022, 2025, and 2030.
Gold prices are consolidating above $3,600. The price reached a high of $3613.51. This is driven by a high-risk aversion…
Gold prices surged this morning during the Asian trading session. It jumped to an all-time high of $3,508. The gold…
Gold price extended its upside on Friday, registering a fourth successive daily gain to trade at $3,431 per ounce at…
Gold prices saw an early correction this morning as profit-taking hit the market, but bullish sentiment remains intact. Traders are…