Commodities had one of their best quarters in recent history. Gold price surged to record highs, blasting through the $2,000...
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 trying to stabilize after the three days sharp correction that marked the biggest drop in gold the last seven years. That was not a surprise as the gold rally had entered extremely overbought levels.
Gold at support, offering an incentive to go long.
Gold price is falling heavily today. Sign up here to discover why.
The correction in gold price accelerates today as the precious metal breaks below the 1,990 mark. No surprise here as the rally went to fast and to far making consecutive record highs on risk-on
Why is gold price lower today? Sign up to read more about it.
Gold price (XAUUSD) is up slightly today as investors react to the overall weaker US dollar, rising tensions between the...
US dollar index rally fades The US dollar index (DXY) ended higher on Friday after the country’s Bureau of Labour...
Gold price is stalling post-NFP, Sign up to find out why.
Gold is one of the asset classes that delivered the best returns so far in the year. The gold price...