Gold price is on a bearish consolidation pattern ahead of the FOMC meeting minutes. In the previous session, it plunged...
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 (XAU/USD) is seeing some limited upside action as the US Non-Farm Payrolls showed that the US public sector...
The price of gold was rejected from the $1,900 level at the start of last month and dropped $150 on...
The price of gold failed to hold above $1,900 in June. In fact, it was rejected as the Fed delivered...
The price of gold consolidates for a few days now, close to the $1,800 level. However, it has no power...
Gold price rose modestly on Friday after a key Fed inflation gauge dropped by 2 points, tempering bets that the...
Gold price is trading lower this Tuesday, down by 0.15% as of writing as the markets get ready for another...
Gold price is rebounding amid a decline in US bond yields. In the past week, the benchmark 10-year Treasury yields...
Gold price is on a rebound after declining to its lowest level since the beginning of May. The plunge has...
The price of gold took a hit as the Federal Reserve of the United States took markets by surprise and...