Forex Brokers

Gold Exchange Rate

Type: Commodity

Data under maintenance

Gold Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Gold Advanced Live Chart

Gold Advanced Live Chart

Gold Price Exchange Rate

Trading gold futures has become increasing popular as the price of gold has fluctuated so greatly in recent months. Gold futures are contracts that provide for the delivery of gold in the future at a price that is agreed upon in advance. The advantage of trading gold futures lies in the fact that this asset is traded via a centralized exchange, which allows for more leverage and flexibility than one could get when trading gold as an asset on its own.

XAU/USD Exchange Rate

XAU/USD is the ratio of gold to the U.S. dollar and appears as such on commodities markets. World currencies are affected by rising gold prices and the higher prices are quite significant to the currencies of major gold-producing countries such as Canada, Australia and South Africa. An investor who believes the price of gold will continue to increase, can trade in the Australian dollar (AUD), the Canadian dollar (CAD) or the South African Rand (ZAR) instead of investing only in the US dollar, because the other currencies have tremendous potential.

Price Fluctuations

Gold to the dollar is traded on several financial exchanges, primarily New York, Hong Kong, Zurich, Tokyo, and Sydney. It is the London bullion market, however, that has a greatest influence on the world gold trading markets. The price of gold fluctuates greatly but for trading purposes it generally fixed twice each business day at 10:30 am and 3:00 pm UK time by the London Gold Market Fixing Ltd. It is important to watch the charts for a trend in gold prices before purchasing futures at any time of year.

There’s no question that the price of gold is important for traders of many currencies because of the correlation between gold prices and currency values. For this reason, the DailyForex team strives to provide regular updates about the price of gold today. Get the latest information here, or take a look back to see how this metal has been performing over time.

Gold Latest Updates

Gold Stuck in $16 Trading Range | 3/16/2018 7:48:00 AM
Gold Edges Lower as Greenback Gains | 3/15/2018 8:07:38 AM
Gold Moves Up After Inflation Data | 3/14/2018 8:00:40 AM
Gold Prices Slip in Asia Trade | 3/13/2018 7:34:20 AM
Weekly Gold Forecast | 3/12/2018 8:21:00 AM
Gold Forecast: March 2018 | 3/5/2018 7:50:59 AM
Gold Bounces Off Two-Month Lows | 3/2/2018 7:35:37 AM
Gold Remains Under Pressure | 3/1/2018 7:06:29 AM
Gold Rebounds as Dollar Slips | 2/27/2018 7:56:06 AM
Gold Slides on Stronger Dollar | 2/21/2018 8:10:28 AM
Gold Inches Down as Dollar Recovers | 2/20/2018 7:55:37 AM
Weekly Gold Forecast | 2/19/2018 5:00:00 AM
Gold Extends Gains on Weak Dollar | 2/16/2018 8:10:10 AM
Gold Climbs as Dollar Weakens | 2/15/2018 7:40:35 AM