Gold price action on the XAU/USD chart suffered a second day of selling, as the US Dollar gained traction 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.
According to John Paulson, the Gold price could be on the verge of a monumental rally, predicting inflation could lead...
Gold prices surged 1.08% higher this Friday, with most of the rally occurring in the last hour after Fed Chair...
Gold prices on the XAU/USD chart added 0.13% in the New York session after data from the Census Bureau showed...
Gold price (XAU/USD) picked up some new demand on Friday after the Dallas Fed President Robert Kaplan said (as per...
Gold price continues to oscillate between gains and losses, but in a very tight range as US retail sales figures...
Gold price action on the XAU/USD has registered the fourth day of gains, as the spillover from last week’s poor...
Gold price (XAU/USD) has managed to consolidate on Friday’s gains after dismal consumer sentiment data weighed on the greenback in New...
Gold price action has endured a choppy session, with neither bulls nor bears asserting themselves in the market. Part of...
The Gold price has been on a rollercoaster ride since Friday. After Sunday’s massacre, a riotous rally followed, but XAUUSD...