Job growth may have stalled, but higher wages and a reduction in unemployment in the US have all but cemented...
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 action on the XAU/USD chart suffered a second day of selling, as the US Dollar gained traction on...
Gold price (XAU/USD) has had another bearish session, selling off towards the $1789.49 support line. This comes as US long-term...
Gold price (XAU/USD) picked up some new demand on Friday after the Dallas Fed President Robert Kaplan said (as per...
Gold price finished yesterday’s trading virtually unchanged but with China expected to pass the National Security Law today, can XAUUSD rally?
Gold price trying to stabilize today after the worst week in over a month for the precious metal. Gold has lost almost 5% this week moving
Gold price has recovered slightly from its intraday lows at 1891.54. Presently, there is a lot of risk on both...
Gold price continues its bearish move after it reversed from all-time highs. The move lower comes after a triangle as...
Gold price continues to be under selling pressure today, but with political tensions between Hong Kong and the US versus China, can it rally?
This article is free to read but requires a free membership. Join today to read this article and much more.