XAUUSD=X - GOLD 1 OZ

CCY - CCY Delayed Price. Currency in USD
1,230.599609
-0.400024 (-23.531619%)
As of 4:42PM BST. Market open.
Stock chart is not supported by your current browser
Previous Close1,231
Open1,228
BidN/A
Day's Range1,223.7 - 1,232.9
52 Week Range1,223.699585 - 1,232.899658
AskN/A
  • Positive Spike in Equity Market Pressured Gold Bulls, US Futures Fall Ahead of the FOMC Meeting
    FX Empire6 hours ago

    Positive Spike in Equity Market Pressured Gold Bulls, US Futures Fall Ahead of the FOMC Meeting

    Gold prices edged lower on Wednesday as equities and the dollar gained amid waning risk-averse sentiment and strong reports. US Futures point to a lower open ahead of the FOMC meeting.

  • Price of Gold Fundamental Daily Forecast – Strengthens Over $1236.90, Weakens Under $1222.70
    FX Empire6 hours ago

    Price of Gold Fundamental Daily Forecast – Strengthens Over $1236.90, Weakens Under $1222.70

    Gold improved on Tuesday, but the market posted an inside move, which typically indicates investor indecision and impending volatility. Traders said the gains were related to short-covering. New longs appeared to be scarce since the rally in the equity markets forced them to re-evaluate their reasons for being long.

  • Commodities Daily Forecast – October 17, 2018
    FX Empire7 hours ago

    Commodities Daily Forecast – October 17, 2018

    The gold market traded sideways mostly through the Tuesday’s session as it has been trying to gain some momentum. The gold prices have shown strong upside momentum in the last several sessions and pull-back under this condition will offer a nice buying opportunity. The $1220 level underneath is an excellent support point for this market and will attract a lot of buyers into the market.

  • Global Shares Rise as Strong Reporting Has Returned Optimism to Markets
    FX Empire7 hours ago

    Global Shares Rise as Strong Reporting Has Returned Optimism to Markets

    Global stocks rise on Wednesday morning after yesterday’s strong earnings reports. Investors will focus on the Fed minutes today and China’s GDP on Friday.

  • Gold Price Futures (GC) Technical Analysis – Failure to Hold $1222.70 Could Trigger Break into $1210.60
    FX Empire9 hours ago

    Gold Price Futures (GC) Technical Analysis – Failure to Hold $1222.70 Could Trigger Break into $1210.60

    Based on the early trade, the direction of the December Comex Gold futures contract on Wednesday is likely to be determined by trader reaction to the 50% level at $1222.70.

  • Gold Price Forecast – Gold markets continue to grind sideways on Tuesday with slight upward tilt
    FX Empire11 hours ago

    Gold Price Forecast – Gold markets continue to grind sideways on Tuesday with slight upward tilt

    Gold markets continue to grind sideways with a slightly upward tilt during the day on Tuesday, as we continue to see a lot of safety trade buying. The Gold markets have offered a bit of a safe haven as they have gotten extraordinarily cheap as of late, but at this point we are a bit overextended.

  • Crude Oil Firms After API Reports Surprise Draw
    FX Empire12 hours ago

    Crude Oil Firms After API Reports Surprise Draw

    Adding to the dollar’s weakness was the consolidation of Treasury yields. After yields surged to multi-year highs last week, the rise in yields has subsided, reducing demand for the dollar. Gold improved on Tuesday, but the market posted an inside move, which typically indicates investor indecision and impending volatility. Traders said the gains were related to short-covering. New longs appeared to be scarce since the rally in the equity markets forced them to re-evaluate their reasons for being long. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures settled higher on Tuesday after the American Petroleum Institute reported a surprise crude oil draw.

  • Gold Price Prediction – Gold Consolidates Forming Bull Flag Pattern
    FX Empire20 hours ago

    Gold Price Prediction – Gold Consolidates Forming Bull Flag Pattern

    Gold prices attempted to move higher on Tuesday but were unable to pierce through resistance levels. Prices were unable to make a new high for October and continues to form a bull flag pattern. Gold prices were unable to make a fresh higher and continue to generate a bull flag pattern which is a pause that refreshes higher.

  • Price of Gold Fundamental Daily Forecast – Cautious Buyers as Market Sits Near 2-1/2 Month High
    FX Empireyesterday

    Price of Gold Fundamental Daily Forecast – Cautious Buyers as Market Sits Near 2-1/2 Month High

    Traders are monitoring the geopolitical tensions over the disappearance of the Saudi Arabia journalist, however, so far the news has been limited to the political sphere. Traders essentially want to know if the Saudis are responsible. How the U.S. will respond if they are and whether there will be any retaliation from Saudi Arabia.

  • Markets in Cautious Mode, Gold Glitters
    FX Empireyesterday

    Markets in Cautious Mode, Gold Glitters

    A cautious tone is likely to reverberate across financial markets this week as ongoing trade disputes, global growth fears and geopolitical tensions keep investors on edge.

  • Commodities Daily Forecast – October 16, 2018
    FX Empireyesterday

    Commodities Daily Forecast – October 16, 2018

    The gold prices broke above the $1230 level in the Monday’s session as weak USD is supporting the market. The market is likely to continue going towards the $1250 level and $1220 level underneath will be offering a strong support to the market. The gold prices will continue to gain amid the uncertain global conditions and pullbacks will be a nice buying opportunity.

  • Precious Metals Trade Flat on Profit Booking Activity
    FX Empireyesterday

    Precious Metals Trade Flat on Profit Booking Activity

    Gold trades flat near yesterday’s high’s as profit booking activity dampens price action for dollar denominated yellow metal in broad market amid risk averse market scenario.

  • Bitcoin – Can the Bulls Hold on or is Bitcoin Heading for $6,400?
    FX Empireyesterday

    Bitcoin – Can the Bulls Hold on or is Bitcoin Heading for $6,400?

    Bitcoin holds on to $6,700 levels after an early dip, but with Monday’s price action over and the markets steadying, there could be some downside ahead.

  • Gold Price Forecast – Gold markets continue to levitate
    FX Empireyesterday

    Gold Price Forecast – Gold markets continue to levitate

    Gold markets continue to levitate overall, showing signs of strength during the day on Monday. I think that the gold market continues to find strength due to the uncertainty around the world, and the “safety trade” that seems to be in effect.

  • Dollar Dips as U.S. Retail Sales Miss Estimate
    FX Empire2 days ago

    Dollar Dips as U.S. Retail Sales Miss Estimate

    A Commerce Department report on Monday showed that U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years.

  • Gold Price Prediction – Prices Rise on Soft Retail Sales
    FX Empire2 days ago

    Gold Price Prediction – Prices Rise on Soft Retail Sales

    Gold prices moved higher on Monday and continues to form a bull flag pattern which is a pause that refreshes higher. A weaker than expected retail sales report released by the US Commerce Department on Monday, took some of the strength out of the US dollar paving the way for higher gold prices.Technical Analysis

  • Back to Safe Haven – Gold Ends Period of Low Volatility by Strong Bullish Move
    FX Empire2 days ago

    Back to Safe Haven – Gold Ends Period of Low Volatility by Strong Bullish Move

    As stock markets plummeted all around the globe, sentiment deteriorated sharply, and investors turned back to the well-known safe-haven – gold.

  • Gold Price Futures (GC) Technical Analysis – October 15, 2018 Forecast
    FX Empire2 days ago

    Gold Price Futures (GC) Technical Analysis – October 15, 2018 Forecast

    Based on the early price action, the direction of December Comex Gold the rest of the session is likely to be determined by trader reaction to the short-term Fibonacci level at $1235.80.

  • Commodities Daily Forecast – October 15, 2018
    FX Empire2 days ago

    Commodities Daily Forecast – October 15, 2018

    The gold prices were sideways during the Friday’s session as the $1220 level offering a strong support. The silver market initially rallied during the Friday’s session but found $14.70 level too resistive to pull back slightly. A break above $14.80 level will send the silver prices towards the $15 level and higher.

  • Price of Gold Fundamental Weekly Forecast – Counter-Trend Rally Driving Shorts to Sidelines
    FX Empire2 days ago

    Price of Gold Fundamental Weekly Forecast – Counter-Trend Rally Driving Shorts to Sidelines

    After trading inside a $1221.40 to $1167.10 range since the week-ending August 17, the market appears to be ready to launch an even higher move if it can maintain support over $1221.40. The weekly chart indicates there is room to rally to $1277.60 before buyers encounter any serious resistance.

  • The Week Ahead – Brexit and Budgets and the U.S and China in the Spotlight
    FX Empire3 days ago

    The Week Ahead – Brexit and Budgets and the U.S and China in the Spotlight

    It may well be make or break for the Pound and the British PM and the for the EUR as Italy faces up to the Establishment on Monday.

  • Global Stocks Bounce back, Gold Shines through Chaos
    FX Empire3 days ago

    Global Stocks Bounce back, Gold Shines through Chaos

    Most Asian shares recovered during early trade despite Wall Street suffering heavy losses overnight. In Europe, stocks continue to march higher on positive global cues which could support Wall Street later in the afternoon.

  • Gold Weekly Price Forecast – Gold markets show strength for the week
    FX Empire4 days ago

    Gold Weekly Price Forecast – Gold markets show strength for the week

    The massive support level near the $1185 level has been supportive for some time, and finally this last week we witnessed buying coming into push this market higher. In fact, Thursday ended up with a $30 gain. Friday has been very quiet, which is a good sign after that type of gain.

  • Gold Price Forecast – Gold markets sideways after explosive move higher
    FX Empire4 days ago

    Gold Price Forecast – Gold markets sideways after explosive move higher

    Gold markets were pretty quiet on Friday, grinding sideways after the explosive move on Thursday. This isn’t much of a surprise, because quite frankly markets need to cool off after a move like that. I think at this point, you are likely to see the market to one of a couple different things, either grind sideways to digest gains, or perhaps sell off as profit taking occurs.

  • Gold Price Prediction – Gold Consolidates After Surging Higher
    FX Empire5 days ago

    Gold Price Prediction – Gold Consolidates After Surging Higher

    Gold prices consolidated after surging higher  on Thursday driven by demand to enter into a safe haven currency. Yields edge lower allow the dollar to ease paving the way for higher gold prices.  President Donald Trump was on the tape on Thursday stating that he believe the Federal Reserve was being reckless and increasing interest rates was unacceptable. Gold prices broke out of a 2-month range hitting highs not seen since early August, and then consolidated on Friday.  Prices surged above resistance which is now short term support near a downward sloping trend line at 1,212.  Additional support is seen near the 10-day moving average at 1,200.  Resistance on the yellow metal is seen near the July highs at 1,265.  Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal.