Gold price is struggling. Its price has declined to $1,695, which is the lowest it has been since June last...
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 may have rebounded slightly this Thursday, but it remains under pressure as it continues to get squeezed by...
Gold price looks bearish as bearish can be as it keeps forming lower lows without able to bounce significantly. Investors...
Spot gold prices (XAU/USD) continue to drop after US 10-year bond yields began to recover from recent declines. New multi-month...
Gold price fell below $1,760 last week. The level acted as important support several times, but eventually, the bears prevailed....
Gold price on the XAU/USD pair failed to recapture ground above the $1800 psychological resistance, dropping nearly 1% in the...
Gold price (XAU/USD) has had another bearish session, selling off towards the $1789.49 support line. This comes as US long-term...
Gold price bounced from the lows, albeit the move higher is not convincing anyone yet. The problem with gold bulls...
The crude oil price corrects from the highs as it was rejected in its attempt to consolidate above the $60...
Gold price looks to have formed a temporary bottom. It made a new lower low last week and then bounced...