Gold price bounced from the recent lows after it formed a triangle as a reversal pattern. In the meantime, it...
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 tumbled recently as it was rejected again from the $1,950 level. At this point, it appears as consolidating...
Gold prices fell on Friday in the early London session, and the losses on the XAU/USD pair appear to have...
The dollar shows signs of revival and the gold price is one of the first to react. It broke out...
Gold price action is expected to set up pretty well for traders wanting to trade the Non-Farm Payrolls report at...
Yesterday’s news that the Democrats are on their way to winning control of the U.S. Senate caused a dip in...
Despite some level of dip buying this Wednesday as price dropped initially to session lows, gold price action on the...
Gold price is holding steady as investors react to the results of the Georgia elections. The XAU/USD is trading at...
Gold price opened in 2021 with a gap higher, and it seems that the bullish price action is set to...
Gold price started the year with a bullish tone as it broke higher right from the start of 2021 trading....