Bearish price action on gold continues.
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 is in trouble. Yesterday, it dropped to a low of $1,820, which is the lowest it has been...
$1850 seems to be the only hope for gold price buyers not to suffer losses. Sign up to find out more.
Gold price bearish tone continues as today is the third Monday in a row when the world receives positive news...
Gold price (XAUUSD) is under pressure today as the rotation to better-performing cryptocurrencies continues. The metal is trading at $1,872,...
Gold puts pressure on support and trades with a bearish tone.
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Are gold prices about to take a massive nosedive? Sign up here to find out what's happening.
Gold price (XAUUSD) is in a tight range today in reaction to the failure of Judy Shelton to get votes...
Gold prices are little changed today after plunging by more than 2% yesterday. The metal is trading at $1,890, which...