Gold Price Today: Live Charts, Update, History

• The highs and lows of the last four-hour trading period should be pinpointed 15 minutes before the NFP output is made public.
• A buy order should be positioned below the range's high while a sell order should be positioned below the range's low.
• A secure stop-loss should be positioned on the other side of the range for the two orders.
• Wait for the initial reaction of the NFP to activate one of the orders.
• The other pending order should be canceled once an open position size is acquired.
• The take-profit can be determined using the target price.

Continue Reading at How to Trade Gold on NFP

When it comes to the question of which one is better than the other, we must understand that both are essentially strong. But one thing about these assets that we can observe is that gold is priced in US dollars and tend to move in the opposite direction of the greenback. The reason is that a stronger dollar means that it would take fewer of them to buy an ounce of gold.

As the US dollar is expected to remain subdued in the coming years, gold is more likely to gain greater importance as a safe haven. While both have been great reliable assets, the circumstances in the financial markets also play a part in determining which one is winning.

Continue Reading at Gold Vs US Dollar: Which is the Better Safe Haven?

In actuality, there is no definite answer despite the fact that Gold and yen are both considered safe havens.

Long-term research by Goldmoney in 2017 repeatedly demonstrated that Gold is primarily influenced by three factors: real-interest rate expectations, longer-term energy costs, and central bank policies. JPY will only move following the real interest rate differential if no other forces are in action, and Gold will do the same. As long as the other factors influencing Gold prices remain consistent, Gold trades perfectly in line with actual interest-rate expectations. 

Continue Reading at The Curious Case of Gold and Yen's Correlation

Geopolitical conflict tends to cause uncertainty in the market. During a time like this, traders would prefer to buy haven assets such as gold and cause the price to rise. But, this usually doesn't last long.

Continue Reading at 7 Gold Price Drivers You Should Know