Gold continues with its bullish momentum and was up 0.5% on Thursday at 16:30 UTC, trading at $2,060 on the...
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.
The USD has weakened modestly against gold, sending gold price higher towards the 1968.50 mark after the FOMC left the...
As expected, the FOMC left its Fed Funds Rate unchanged at 1.75%. This was already priced in b the markets...
The FOMC has left the interest rates unchanged in an expected move, and also released its economic projections for 2020...
The FOMC announces its interest rate decision tomorrow at 6 pm GMT. After three consecutive rate cuts which ended in...
Gold to silver ratio trades to the lowest level since September 24, 2019, as the rally in silver prices, hit six-year highs. Silver managed to outperform gold in the last two weeks as the reopening of the economies
Gold (XAU/USD) price is once again gaining bullish momentum due to the weakness shown by the US dollar. Bullion prices...
The gold price has bounced higher in the last two sessions as the U.S. gets set for what will likely be the most controversial election in history.
Gold started the week sharply lower after the leaders of the two biggest economies agreed to stop the tariffs game....
Gold started the week lower breaking the 1,400 level after better NFP numbers last Friday added to doubts that the...