Gold price’s bullish run continues as the yellow metal keeps holding inside a rising channel. Moreover, it trades with a...
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.
The gold price has reached a new all-time high above $2,000 last summer and then corrected several hundred pips to...
The Gold Price has closed higher for the fourth straight week. Increased central-bank buying and inflation fears has analysts predicting...
Gold price (XAU/USD) has had an essentially choppy initial response to the Fed’s inflation gauge rise, but the yellow metal...
Gold price (XAU/USD) is in the 2nd day of a corrective decline, after a stellar move that has taken it...
The gold price has reached its highest level since late January, and the market participants are not shy to express...
Gold price has recouped the year’s losses by trading above the psychological level of 1,900 for the first time since...
A slew of poor economic data from the US has put the greenback under additional pressure, allowing gold price on...
Comments by Fed Governor Lael Brainard are undermining the performance of the greenback in Monday’s trading session. Gold price is...
The gold price had a strong comeback from its move below the $1,700 mark. It formed a double bottom there,...