Latest Research
AUD/USD Bulls Could Target 2019 High at 0.7300 on Positive US-China Trade Headlines
Matt Weller, CFA, CMT February 19, 2019 2:56 PM
Interesting facts
Gold’s popularity has grown over the past few years as an alternative currency trade. Many traders look to the precious metal as a hedge against inflation and storage of value – thus, it is often referred to as a “safe-haven” investment. Historically, gold prices tend to move inversely with the U.S. dollar, however with rising geopolitical uncertainty over the past 5-years this correlation is no longer as evident. In response to greater demand and product diversification, gold has begun to trade relative to other currencies as well. Currently, we offer XAU/USD, XAU/EUR, XAU/GBP, XAU/CHF, XAU/AUD.
Price drivers
Gold is affected by the overall health of the global economy – this is measured by GDP growth, inflation, employment data and interest rates. Additionally, the monetary policies of some of the largest central banks of the world, and whether they are tightening or expanding their policies also greatly influence the price of gold. Supply/demand dynamics as well as financial market sentiment are other factors investors should take into account when trading the yellow metal.
Pivot Points
- Pivot Point
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Distance
Distance
Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.
- Bid
- Ask
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Weekly
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Monthly
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