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.
Live Gold Price Chart
Gold Price News (XAUUSD)
The ISM's Non-Manufacturing PMI for August posted an upside surprise as it improved to 56.4 as against the figure of 54.0 that analysts had predicted. This report along with the better-than-expected ISM Manufacturing data released some days ago, are proof that economic activity in both the manufacturing and service sectors [...]
Gold price retreats from daily highs around 1,550.28 down to 1,540 area keeping the positive momentum intact. Gold is getting a hand from the escalation in US-China trade war tensions. Global growth concerns can explain why investors still prefer the safety of yellow metal. The low for the day is […]
In prepared remarks which were delivered today at the Jackson Hole Symposium, US Fed Chief Jerome Powell has said that the Federal Reserve will 'act as appropriate' and that the "Fed is working to sustain an economy that faces 'significant risks'." He also said that the US economy was “in [...]
Gold prices have held up relatively well in the last week despite that the interest rate markets now having priced out a 50bps rate cut at the Federal Reserve September 18 meeting, from pricing in a 50bps rate cut with a 31.5% probability just one week ago. Economic slowdown across [...]
At the time of writing, gold prices were lower as European stock markets traded higher. Gold prices were down by 0.88%, while the DAX index was up by the same amount. The next support level in gold prices is last week’s low of $1480, and the most bullish investors will [...]
The risk-on sentiment which hit the market after the agreement in principle to postpone the tariff regime on electronic components from China seems to have worn off Thursday as China has accused the US of reneging on the agreement with a new 10% tariff. Gold is starting to receive safe-haven [...]
According to reports monitored from the Chinese news agency Xinhua, a high-powered conference call has taken place between the Chinese Vice Premier Liu, PBOC Governor Yi Gang and Commerce Minister Zhong Shan on one hand, and US Treasury Secretary Mnuchin as well as Trade Representative Lighthizer on the other. Xinhua [...]
Today, Gold prices are soaring following a few days of consolidation and break to a rectangle pattern. Between August 7 and August 12 gold prices were trading sideways between $1487 and $1510 and formed a rectangle with a height of 23 dollars. The price has now reached the target of [...]
Gold prices reached a new multi-year high this morning, and have also reached the target of the ascending triangle I highlighted last week. Because the trend is upwards, the price could continue to add to its gains in the days ahead, but the risk-reward ratio for new long positions is [...]
Gold price retreats from daily highs around 1,474 area as the positive momentum is still intact. Gold is getting a hand from the escalation in US – China trade war tensions. The low for the day is at $1,456.31 and the high at $1,474.79 just shy of the 1,488 target. [...]