Gold price action is seeing the second day in the red, as the impact of the weak Chinese economic data...
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 action has barely moved this Tuesday. Yesterday’s 0.79% gain allows the bulls to recoup most of Friday’s losses...
Gold price action on the XAU/USD chart is seeing a 5th straight day of gains, fuelled by the greenback’s weakness...
Gold price forecasts in the short term remain bearish, despite the 0.48% uptick seen in Tuesday’s trading session. This upward...
Gold price sell-off gained steam as traders waited for the upcoming American inflation numbers. The XAU/USD price slumped to 1,728,...
Gold price predictions remain tilted to the bearish end of the spectrum as the price action continues to consolidate between...
Gold price gapped up on Monday morning as investors reacted to the latest announcement by G7 member countries. The XAU/USD...
Gold price is in a tight range as investors focus about the latest interest rate decision by the Federal Reserve....
Gold price has gone nowhere this week as investors wait for the upcoming American consumer inflation data. It is trading...
Gold price had a difficult performance in May as the Federal Reserve embraced a highly hawkish tone and as inflation...