Gold prices are marginally down on Monday after Friday’s massive gains. The commodity traded at $2,091 at the futures market,...
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 prices have fallen in the afternoon European session, as US Treasury yields rise. Gold futures were at $2034 an...
Gold prices have risen during afternoon trading in the European session, propelled by falling yields on US Treasuries and a...
Gold prices have inched up in late morning trading in the European session, as the dollar reels under pressure from...
Gold prices have edged lower on Monday, but remain above two critical psychological support levels . The precious metal traded...
Gold prices face resistance at the 50-MA mark, as traders opt to wait for the release of FOMC meeting minutes....
Gold has reversed some of the losses incurred on Wednesday, as traders react to declining US Treasury yields. Gold prices...
XAUUSD lost further ground, trading at two-month lows, as the US dollar rose further, propelled by Tuesday’s US consumer inflation...
Gold prices have recovered losses incurred on Monday, rising 0.43% in 24 hours to trade at $2,042 at 11.54 am...
Gold prices continue to struggle on Monday, with the commodity hovering around the $2,020 per ounce mark. Spot gold was...