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)

gold price

Gold Price Consolidation Phase Intact Between $1,713 – $1,738

Gold price continues the consolidation phase for the fifth consecutive session amid mixed signals from the coronavirus front and the rebound in risky assets. Gold price continues to find support at the 50-day moving average but looks unable to bounce higher. A rising number of new coronavirus infections support the [...]
Gold prices

Gold Price Slip On Fresh Fed Corporate Bonds Buying Programme

Gold price seesaws today looking for direction as mixed signals from the coronavirus front continue to weigh on markets. The previous week gold managed to return above the 50-day moving average as the fears of a second coronavirus wave rise and investors turn to safe-haven assets. Yesterday the announcement by [...]
Gold Prices

Will Fed Announcement Boost The Gold Price?

Gold price continues higher for the third consecutive session as the recent rally in risky assets questions ahead of the Fed policy meeting and decision later today. The correction yesterday in equity markets

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