Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold corrected from the record-high it set above $2,360 but found support near $2,350. The benchmark 10-year US Treasury bond yield is down more than 1% on the day, allowing XAU/USD to stay in the green.
Gold price (XAU/USD) attracts some buyers for the third straight day on Tuesday – also marking the tenth day of a positive move in the previous eleven – and climbs to a fresh all-time peak during the first half of the European session. The optimism over a possible ceasefire between Israel and Hamas fades rather quickly, which is evident from the cautious market mood. This, in turn, is seen as a key factor acting as a tailwind for the safe-haven precious metal.
gold now buy 2345
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