Gold price is under heavy selling pressure as the correction from all-time highs accelerates despite weak risk sentiment.
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 is up today and is now trading at 1495, having opened for the week at 1488.37. Gold (XAUUSD)...
Gold prices were flat for a second day of trading on the lack of economic reports and updates on the...
The volatility in gold prices (XAUUSD), has declined sharply in the last seven days and has instead shifted towards GBPUSD,...
Gold price rallied to its highest level since 2012 as investors rushed to safety ahead of the corporate earnings season....
Gold price (XAU/USD) has gained nearly 1.62% as it surges above the $1800 price level for the first time since...
Gold prices were on the defensive in Friday trading as the precious metal continued its descent with a break below $1800. After mounting a weak bounce from the support, the price of gold now trades at $1785.
Gold price is testing a confluence of resistance ahead of the FOMC meeting due tomorrow. Will Fed Reserve Chairman Powell show optimism for the US economy?
It is now two weeks to the Fed’s interest rate decision, and gold price action shows a day of choppy...
Download and read our free Q1 Global Market Outlook written by InvestingCube, and ATFX Global market analysts.
Here are are the topics covered in the first market outlook for the year.
- EURUSD to Drift Lower as US Economic Growth Outpaces Euro Area’s
- GBPUSD’s Fate Remains Squarely in the Hands of Voters
- USDJPY Should Be Trading Higher Given the Sharp Rise In Stock Markets and US Bond Yields
- AUDUSD to Remain Under Pressure as RBA Might Cut Rates Once Again
- Gold prices future will depend on Brexit and the US Political Situation
- Can the oil cut production plan by opec+ meet the market’s demand?
- S&P 500: 2020 Q1 will be a crucial time for investors
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