Gold price traded sharply lower against the US dollar in yesterday’s trading despite the Fed increasing money supply and risk...
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 continues lower for third day in a row as the selloff in the markets continue with Dow Jones...
Gold price gave up some of its gains yesterday as the market’s appetite for risk improved on news of possible...
Gold price action on the XAUUSD pair is now consolidating intraday, as markets attempt to stabilize following yesterday’s intraday fall...
Gold price is trading at its highest levels since December 2012 as the oil price war fueled the market’s already-risk...
The gold price jumps above $1685 as investors are looking for cover in safe-haven assets such as gold and Japanese...
Gold price spent yesterday’s trading in a range after it skyrocketed on Tuesday. XAUUSD had a $19 range, bottoming out...
The gold price after a weak start in the Asian trading session managed to return to positive territory today as...
The gold price break above the $1600 mark as the precious metal attempt to recover some of Friday’s heavy losses....
Gold price saw very little action in yesterday’s trading as market participants get a feel for developments surrounding the coronavirus....