GOLD is a Commodity belonging to the group of precious metals. It can be traded against the dollar (XAUUSD) through various forex brokers. This precious metal has always been considered a safe haven, since in moments of lateral market the prices of this asset do not undergo large variations.
Traders pay particular attention to its relationship with the US dollar, since when one of the two rises, the other consequently falls. The greenback is in fact a currency considered a safe haven and for this reason, in times of strength and upside, gold is not much appreciated by traders.
To get a clear overview of the issue, we recommend that you also view our section Gold Analysis. In this part of Money.it you will see all the medium and long-term analyses, the trends to exploit and the best moments to operate.
