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 prices hit new all-time highs on Thursday, as investors’ appetite for the precious metal returned after Wednesday’s Fed interest...
A strong US dollar has seen gold prices slide on Tuesday as buyers hold their horses as they wait for Wednesday’s...
Gold prices recovered some of its recent losses on Friday as investors looked to buttress their portfolios on the back...
Gold priceS rose marginally in early European trading session on Wednesday, following a 1.10% decline on Tuesday. The commodity traded...
Gold price headed lower on Tuesday, as its ten-day rally cooled ahead of the US CPI data release. The yellow...
In this report, the focus is on gold price forecast for 2022, 2025, and 2030.
Gold takes another stab at $2200 on Monday, after facing rejection at that level on Friday. Gold prices hit a...
Gold prices printed new all-time highs on Friday, as safe haven buying provided tailwinds for the commodity. The yellow metal...
Gold prices have eased their upsurge on Wednesday as the market goes slow in views of an anticipated testimony by...