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Gold price today
Metals · USD per troy ounce · GC=F futures.
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About gold
Gold is the main safe-haven asset. It tends to rise when real interest rates fall, when the dollar weakens and when geopolitical risk spikes. Central banks, especially in emerging markets, have been buying at a record pace to diversify away from dollar reserves.
What moves the price
- Real interest rates: Gold pays no yield, so falling real rates make holding it cheaper.
- Geopolitical risk: Wars and sanctions push investors and central banks toward gold.
- The US dollar: A weaker dollar usually lifts gold priced in dollars.
Related
Country risk: China, Russia, India, United States.
FAQ
Why does gold rise during wars and crises?
Gold is not anyone's liability and cannot be frozen like a bank deposit, so investors and central banks buy it when they worry about conflict, sanctions or financial stress.
Why are central banks buying gold?
Many central banks, notably China, Russia, India and Turkey, have added gold to reduce how much of their reserves sit in dollars and to protect against sanctions.