The price of gold took a hit as the Federal Reserve of the United States took markets by surprise and...
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 tanked shortly after the FOMC decision, as the US Federal Reserve appears to have assumed a more hawkish...
The price of gold did not reflect the rise in prices of goods and services in the United States. Inflation...
The Gold price has continued to retreat from $1,900, slipping -0.70% to $1,864. This week’s FOMC will either make or...
The price of gold rallied since last April and did not look back until it reached $1,900. The bullish trend...
The price of gold bounced from the $1,860 area last Friday on a worse than expected NFP report in the...
Gold price (XAU/USD) has spiked 0.92% on the day after the lacklustre Non-farm Payrolls report that showed a modest rise...
The price of gold had a tough day yesterday as it fell from the $1,900 level. The market tested three...
Gold price (XAU/USD) fell heavily on Thursday by more than 1.8% after the number of Americans filing first-time claims for...
Gold price’s bullish run continues as the yellow metal keeps holding inside a rising channel. Moreover, it trades with a...