Gold prices continue their ascent, and I suspect the trend will remain bullish as long as the price trades above...
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 holds the gains from the recent rally above 1,400 but is trading below the recent high. USD weakness and...
Gold prices added to their gains in the Asian session, and the price bounced as projected from around the $1404...
Gold started the week sharply lower after the leaders of the two biggest economies agreed to stop the tariffs game....
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Yesterday, around the close of the European session, gold prices leaped higher and did not stop until prices reached $1437.88...
Gold prices are under severe pressure following today’s better than expected U.S. NFP figures. At the time of writing the...
Gold started the week lower breaking the 1,400 level after better NFP numbers last Friday added to doubts that the...
Market data released early Monday morning showed China continued to add to its gold reserves. Russia and China are the...
The US Dollar is down on the initial statements by US Fed Reserve Chairman Powell. The markets have been expecting...