XAUUSD started the day in green before turning red in early trading hours on Friday, as investors reacted to strong...
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 continues with its bullish momentum and was up 0.5% on Thursday at 16:30 UTC, trading at $2,060 on the...
Gold price is showing minor losses on Thursday. However, the XAG/USD pair is still set to close the month with...
Gold (XAU/USD) price is once again gaining bullish momentum due to the weakness shown by the US dollar. Bullion prices...
Gold (XAU/USD) price continues to hold the key support level of $1,980 ahead of the FOMC meeting in the United...
The XAU/USD pair is looking very strong due to multiple headwinds. The falling bond yields and the decreasing inflation in...
Gold Price did a fake-out above the $1985 resistance level after breaking above it in October. However, the bears took...
Gold price trades 0.5% under the $1985 resistance level as the surge in treasury yield cools down. The yellow metal...
Gold price resumed its rally from its October lows on Friday and surged above $1920. The previous metal has made...
Gold price continues to plummet for the 7th consecutive day as markets react to the hawkish stance maintained by the...