Earlier, today Gold prices (XAUUSD) reached a new 2019 high of $1459.95 as global stock markets plummeted amid the threats...
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 retreats from daily highs around 1,474 area as the positive momentum is still intact. Gold is getting a...
Gold prices reached a new multi-year high this morning, and have also reached the target of the ascending triangle I...
Today, Gold prices are soaring following a few days of consolidation and break to a rectangle pattern. Between August 7...
According to reports monitored from the Chinese news agency Xinhua, a high-powered conference call has taken place between the Chinese...
The risk-on sentiment which hit the market after the agreement in principle to postpone the tariff regime on electronic components...
At the time of writing, gold prices were lower as European stock markets traded higher. Gold prices were down by...
Gold prices have held up relatively well in the last week despite that the interest rate markets now having priced...
In prepared remarks which were delivered today at the Jackson Hole Symposium, US Fed Chief Jerome Powell has said that...
Gold price retreats from daily highs around 1,550.28 down to 1,540 area keeping the positive momentum intact. Gold is getting...