Gold Price Chart

Gold Price Chart (XAU/USD)


Live Gold Price Today

Gold, as a global currency, the change in gold price always draw the attention of the investors around the world. The gold price charts reflect the change of gold price instantly to provide the information to investors such as the current gold price and its performance over the past few days. By studying gold price charts and hourly fluctuations, investors can better understand the market trends and make more informed investment decisions. For example, gold prices tend to rise when economic conditions are uncertain, as investors turn to gold as a safe-haven asset. On the contrary, gold prices may fall when the economy is performing well, as investors have less need for safe-haven assets. Affected by the local economic situation, the gold price in Hong Kong is generally slightly different from the gold price in other parts of the world. With an hourly representation of gold prices shown in the above chart, investors can gain valuable insights into its performance and subsequently make calculated investment choices.


What is the gold spot price?

The gold price is a measure of the spot price of gold. Gold has always been considered a store of value and is often used as a hedge against currency or stock market volatility. Traders use the gold price chart to monitor movements in the price, which thus affects decisions about buying and selling. In Hong Kong, the gold price is usually quoted in US dollars per ounce.

What does XAU/USD stand for?

Gold in the forex market is a currency internationally recognized by the code “XAU” under the ISO 4217 currency standard, representing the symbol for one ounce of gold. XAU/USD indicates how much USD (counter currency) is needed to purchase one ounce of gold (base currency). According to statistics, XAU/USD is one of the largest currencies in forex trading and is highly popular among investors.

What factors can cause the gold price to fluctuate?

The price of gold is determined by several factors, including economic stability, inflation, central bank reserve holdings, and global political events. Gold is seen as a safe-haven asset, so its price often rises during economic turmoil or uncertainty. Inflation can also lead to an increase in the gold price as people seek to protect their savings from its eroding effects. Central banks also play a role in the fluctuation, as they can choose to buy or sell gold reserves in order to influence the market. Global political events can also impact the price of gold, as tensions between countries can lead to increased demand for the precious metal.

How to predict gold price fluctuations?

Generally, gold price movements can be analyzed from three perspectives. Firstly, global political and economic conditions should be considered. When tensions rise between countries, the market tends to seek refuge. Alternatively, during a global economic recession, confidence in stock investments diminishes, leading to more funds flowing into the gold market, causing gold prices to rise naturally. Investors should also monitor the monetary policies of the Federal Reserve, as fluctuations in the price of the U.S. dollar have a significant impact on gold prices. Finally, investor sentiment and demand play a crucial role. If there is a preference for purchasing gold, it will drive up gold prices in Hong Kong, providing investors with an opportunity to make a profit.

Will gold prices rise if the U.S. Dollar Falls?

Since gold is priced in U.S. dollars, they generally exhibit an inverse relationship. When the U.S. dollar rises, gold tends to show a downward price trend. Therefore, many investors in gold trading consider the trend of the U.S. dollar and dynamics in the U.S. market. However, a decline in the U.S. dollar does not necessarily mean that gold will rise. Considering the distinct characteristics of financial market products and the hedging and anti-inflation attributes of gold, both gold and the U.S. dollar may have synchronous trends. Investors need to grasp market trends to make informed investment decisions.

Interested in learning more?

The price of gold is constantly changing, meaning that investors must regularly keep a close watch on the charts. Rakuten Securities Bullion Hong Kong Limited provides hourly updates that depict the shifts in price. Still, those interested in finding out more about gold and silver can take a look at our guide to bullion trading or schedule a 1-on-1 training with our vastly experienced experts.

# The data contained in this website is not necessarily real-time nor accurate, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Rakuten Securities Bullion Hong Kong Limited and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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