XAU/USD is the price of one troy ounce of gold quoted in US dollars; XAU is the ISO currency code for gold.

What moves the price of gold?

Gold is driven mainly by real (inflation-adjusted) US interest rates, the US dollar, purchases by central banks, safe-haven demand in risk-off periods, and investor positioning.

Is gold a safe-haven asset?

Gold is widely regarded as a safe haven — investors often turn to it during market stress, geopolitical tension, or currency weakness — though its price still fluctuates.

Gold (XAU/USD) news & analysis

Gold (XAU/USD) is the price of one troy ounce of gold quoted in US dollars, a widely watched store-of-value and safe-haven asset.

Why is Gold up or down today?

Gold has started the week on the back foot, edging lower toward near $4,350 and struggling to hold above its 20-day average. The move is linked to a firm U.S. dollar, hawkish Federal Reserve expectations and focus on Fedspeak and weekly ADP figures, alongside geopolitics around the Trump-Xi summit and Middle East tensions, with an oil decline noted as limiting losses. Commentary also describes a range-bound outlook with Fed headwinds and a break from real yields as fiscal concerns reshape investor demand.

Updated Sep 21, 19:35 UTC

Latest news

Forex Today: Fedspeak takes centre stage alongside weekly ADP figures
www.fxstreet.com · Sep 21, 17:45 UTC
Gold: Range-bound outlook with Fed headwinds – ING
www.fxstreet.com · Sep 21, 11:17 UTC
Gold starts week on the back foot as US Dollar holds firm, Oil decline limits losses
www.fxstreet.com · Sep 21, 11:11 UTC
Gold Price Forecast: Struggles to hold above 20-day EMA
www.fxstreet.com · Sep 21, 10:43 UTC
Gold breaks with real yields as fiscal concerns reshape investor demand
www.home.saxo · Sep 21, 09:36 UTC
Gold drifts lower as Fed hike bets and geopolitics lift USD ahead of Trump-Xi summit
www.fxstreet.com · Sep 21, 05:37 UTC
Gold edges lower to near $4,350 on Fed hawkish stance, Middle East tensions
www.fxstreet.com · Sep 21, 02:39 UTC
Gold Isn’t Following the Fed’s Script and a New Uptrend Looms
www.gold-eagle.com · Sep 20, 15:46 UTC

Upcoming economic events

2026-09-21 — FOMC Member Goolsbee Speaks · USD
2026-09-22 — ADP Weekly Employment Change · USD
2026-09-22 — Richmond Manufacturing Index · forecast 2 · USD
2026-09-22 — FOMC Member Williams Speaks · USD
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2026-09-22 — FOMC Member Barkin Speaks · USD
2026-09-22 — API Weekly Statistical Bulletin · USD
2026-09-23 — Flash Services PMI · forecast 56.0 · USD

Frequently asked questions

What is XAU/USD?: XAU/USD is the price of one troy ounce of gold quoted in US dollars; XAU is the ISO currency code for gold.
What moves the price of gold?: Gold is driven mainly by real (inflation-adjusted) US interest rates, the US dollar, purchases by central banks, safe-haven demand in risk-off periods, and investor positioning.
Is gold a safe-haven asset?: Gold is widely regarded as a safe haven — investors often turn to it during market stress, geopolitical tension, or currency weakness — though its price still fluctuates.
Why is Gold up or down today?: Gold's daily moves are usually driven by shifts in US real interest rates and the dollar, plus safe-haven demand when risk sentiment changes. For the specific driver behind today's move, see the analysis at the top of this page, updated as the news develops.

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Not investment advice. For informational purposes only.