Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
The precious metal is in its seventh straight day of losses and has erased about 13% from its record high around $2,080.
Interest rates aren’t going any lower, that’s for sure. What that means for gold is what traders try to figure out.
The precious metal is looking to snap its downward trend but three major moving averages lurk in the distance.
The precious metal got hit by a dominant dollar, boosted by signs that the US economy remains resilient, despite multiple interest rate hikes.
The precious metal is shining bright as expectations build up for the keenly-watched annual Jackson Hole symposium. Here’s what to expect.
Increased rate-hike jitters, rising bond yields, and prolonged dollar strength are weighing on the precious metal as investors look elsewhere for bargains.
The precious metal is aiming to recover its shine but the latest consumer-price report didn’t do much to make that happen.
July’s US private payrolls data showed 324,000 jobs added, way above estimates of 189,000.
A fairly priced-in Fed meeting couldn’t spark buying momentum in gold as prices kept moving sideways.
The precious metal has gained roughly $80 so far in July as falling inflation globally spurs hopes for a central bank retreat.
The decline in the value of the US dollar helped fuel demand for gold, lifting it to a 1-month high.
See all events