Gold price action has experienced a bullish surge intraday as the US Federal Reserve announced that it would purchase government-backed...
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 started the week lower after a short positive break on Friday as the liquidation of all assets set...
Gold price managed to rebound today and reverse yesterday’s losses as the precious metal bounced from oversold levels. Gold is...
Financial markets tend to display unusual patterns during unusual times. When a risk-off event hits during normal times, traditional safe-havens...
Gold price continues to trade lower on the day, but the selloff that was witnessed on the yellow metal seems...
For the first time in seven days, gold price finished higher against the US dollar after the Fed announced more...
Gold price is under selling pressure for one more day as the precious metal is also a victim of the...
Gold price opened higher today after the Federal Reserve cut rates in an emergency meeting as the coronavirus pandemic continued...
Gold price traded sharply lower against the US dollar in yesterday’s trading despite the Fed increasing money supply and risk...
Gold price continues lower for third day in a row as the selloff in the markets continue with Dow Jones...