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XAU/USD Exchange rate

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EUR/USD: Winds of change blowing into the Federal Reserve

EUR/USD: Winds of change blowing into the Federal Reserve Premium

The EUR/USD pair fell towards 1.1417, its lowest since last March, as the US Dollar (USD) soared following the first Federal Reserve (Fed) monetary policy meeting chaired by Kevin Warsh. EUR/USD got to recover some ground on Friday, finishing the week, however, well below the 1.1500 mark.
Gold: Hawkish Fed leads to third consecutive weekly loss

Gold: Hawkish Fed leads to third consecutive weekly loss Premium

Gold (XAU/USD) opened with a bullish gap and registered strong gains in the first half of the week, but a hawkish Federal Reserve (Fed) spoiled the party. Mid-tier macroeconomic data releases from the United States (US) and changes in crude Oil prices could impact XAU/USD’s action in the near term, while the technical outlook suggests that the bearish bias remains intact.
British Pound rebounds as holiday-thinned trade slows USD bulls

British Pound rebounds as holiday-thinned trade slows USD bulls

The Pound Sterling recovers some ground after reaching a three-month low on Friday at 1.3163, sponsored by the Fed’s hawkish tilt, but edges up 0.18% amid thin trading conditions due to a holiday in the US. The GBP/USD trades at 1.3226, yet it is poised to end with weekly losses of 1.25%. Market sentiment remains fragile despite the recovery from the US-Iran deal.
US Dollar: The last mile just got longer

US Dollar: The last mile just got longer Premium

A very auspicious week saw the US Dollar (USD) trade with robust gains, rapidly leaving behind the prior pullback and sending the US Dollar Index (DXY) to levels last traded in mid-May 2025, past the 101.00 barrier on Friday.
Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.

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XAU/USD, GOLD

In the Forex market, Gold functions as a currency. The particularity of Gold is that it is traded against the United States Dollar (USD), with the internationally accepted code for gold being XAU. Known as a safe-haven asset, Gold is expected to appreciate in periods of market volatility and economic uncertainty. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
The XAU/USD pair tells the trader how many US Dollars are needed to purchase one troy ounce of Gold.

HISTORIC HIGHS AND LOWS FOR XAU/USD

  • All-time records: Max: $2,790.11 on 25/10/2024 – Min: $34.78 on 27/01/1970
  • Last 5 years: Max: $2,790.11 on 25/10/2024 – Min: $1,451.32 on 13/03/2020

* Data as of December 2024

ASSETS THAT INFLUENCE XAU/USD THE MOST

  • Currencies: The US Dollar (USD) and the Euro (EUR) are the primary currencies influencing Gold prices. Other important currency pairs include EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, NZD/USD, and USD/CAD.
  • Commodities: Silver and Gold are the most important precious metal commodities.
  • Bonds: Influential fixed-income securities include the German Bund (a federal government-issued bond) and the US Treasury Note (T-Note).
  • Indices: Key indices related to Gold and mining include the HUI (NYSE Arca Gold BUGS), the XAU (Philadelphia Gold and Silver Index) and the GDM (NYSE Arca Gold Miners Index).
  • Exchanges: The most important stock exchanges for Gold are the New York Mercantile Exchange (COMEX), the Chicago Board of Trade, the Euronext/LIFFE, the London Bullion Market, the Tokyo Commodity Exchange, the Bolsa der Mercadorias e Futuros and the Korea Futures Exchange.

INFLUENTIAL ORGANIZATIONS FOR THE XAU/USD

  • WGC (World Gold Council) is the market development organization for the Gold industry. Its aim is to stimulate and sustain demand for the precious metal.
  • LBMA (London Bullion Market Association) is an organization whose members participate in this wholesale over-the-counter market for trading Gold and Silver. It is loosely overseen by the Bank of England. Most LBMA members are major international banks, bullion dealers, and refiners.
  • COMEX (Commodity Exchange) is the primary market for trading metals. The COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and joined the CME Group in 2008.
  • CGSE (Chinese Gold and Silver Exchange Society). It is an organization of Gold trading firms in Hong Kong that are participants of the Chinese Gold and Silver Exchange, the first exchange in Hong Kong.
  • Central banks like the Federal Reserve (Fed), the European Central Bank (ECB) or the People’s Bank of China (PBoC) significantly influence Gold prices through their monetary policies.

INFLUENTIAL PEOPLE FOR THE XAU/USD

  • Neal Froneman, the World Gold Council’s Chairman.
  • Scott Bessent, the US Treasury Secretary.
  • Xi Jinping, President of the People's Republic of China.
  • The London Bullion Market Association members.

CIRCUMSTANCES THAT INFLUENCE XAU/USD THE MOST

  • Demand and supply: The balance between global Gold demand and its availability impacts its price.
  • Economic uncertainty and currency devaluation: Gold is widely known as a safe-haven asset for investors in periods of economic uncertainty or when a currency faces devaluation.
  • Practical applications: The use of Gold in technology innovations, jewelry manufacturing and other industrial applications.