A head and shoulders pattern forming on the hourly timeframe puts pressure on the gold price. On a break below...
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 has experienced an upsurge on the day, which is a spinoff of the retail pump activity on silver....
The lower-than-expected US advance GDP data appears to have dampened the mood on the greenback and allowed spot metals to...
Gold price did not follow the volatility in the stock market. It keeps moving in a very tight range. The...
The US Dollar continued to rally against gold prices as the Fed kept interest rates intact. Gold prices have ended...
Gold price, as other dollar markets as well, just consolidated in the past weeks. It appears that the markets wait...
Gold price is struggling today as investors continue to question its demand as Bitcoin and other cryptocurrencies become more influential....
Today’s upside on the greenback has helped to send the XAUUSD pair lower on the day. The pickup in demand...
Gold price forms a massive head and shoulders pattern on the daily chart, one that should act as a continuation...
Gold price remains range-bound, even as incoming US Treasury Secretary Janet Yellen provides testimony to the Senate Finance Committee. She...