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.

Live Gold Price Chart

Gold Price News (XAUUSD)

Upbeat US ISM Non-Manufacturing PMI Triggers Gold Selloff

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 Retreats From Daily High, Bulls in Control

Gold Retreats From Daily High, Bulls in Control

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 […]

Risk Sentiment Wanes on New US-China Trade Woes

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 [...]
Gold price chart

XAUUSD: Gold Prices Reach Target, What Lies Ahead?

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 Approaches The 1,488 Target

Gold Price Approaches The 1,488 Target

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. [...]