Hammer at Previous Highs and Fib Level Gold prices initially traded lower early in yesterday’s Asian trading session. XAUUSD dropped...
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.
US and China Set to Sign Phase One Deal Gold prices continued to slide in yesterday’s trading as risk appetite...
Gold prices benefitted from the worse-than-expected NFP data from the US on Friday. XAUUSD bottomed at $1,545.63 during the Asian...
Two minutes after the release of the latest US NFP report, gold prices were up five dollars per ounce, as...
Gold prices extended their losses in yesterday’s trading as the market’s focus shifted away from the US-Iran conflict. XAUUSD dropped...
Download and read our free Q1 Global Market Outlook written by InvestingCube, and ATFX Global market analysts.
Here are are the topics covered in the first market outlook for the year.
- EURUSD to Drift Lower as US Economic Growth Outpaces Euro Area’s
- GBPUSD’s Fate Remains Squarely in the Hands of Voters
- USDJPY Should Be Trading Higher Given the Sharp Rise In Stock Markets and US Bond Yields
- AUDUSD to Remain Under Pressure as RBA Might Cut Rates Once Again
- Gold prices future will depend on Brexit and the US Political Situation
- Can the oil cut production plan by opec+ meet the market’s demand?
- S&P 500: 2020 Q1 will be a crucial time for investors
- Bitcoin Fails to Maintain Upward Wave and Returns below 7000 USD
- Ethereum loses its luster after the demand for ICO’s decline
The Gold price started its bullish rally after hitting the critical support at $1287.02, 24th May 2019. The bullish rally...
Gold price edged higher in early Asian trading session crossing briefly above the $1,600 mark to fresh six month highs...
Gold price surged past 1600 for the first time in nearly 8 years after the markets went into full risk-off...
At 3pm GMT, the US ISM Non-Manufacturing PMI report for December 2019 will be released. This report is coming at...