Gold prices on the XAU/USD chart came under severe pressure this Thursday, as bond yields resumed the upside trajectory following...
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 was rejected from dynamic resistance, just as the dollar weakness stopped. In fact, if we are to put...
Gold prices have resumed the downward move after US bond yields spiked more than 4% on Tuesday. The spike in...
Gold price does not follow the lower dollar theme seen across the FX dashboard. Instead, it barely holds above horizontal...
In a world where the dollar keeps falling against the Euro, AUD, or GBP, and where the crude oil price...
The US Dollar suffered a sharp reversal late in the New York session, triggering a rally in the XAU/USD pair...
Gold price was unable to break the dynamic resistance given by a possible neckline of a head and shoulders pattern...
Gold price is under intense pressure today after the relatively weak US inflation numbers and the renewed interest in Bitcoin....
Gold prices have continued their amazing recovery and look set to post a 3rd straight day of gains after renewed...
The dollar corrected on Friday on the back of a weak NFP report and the gold price corrected as well....