Its called an magnetic field
Magnetism
The best term to describe the space surrounding a magnet in which the magnet force acts is "magnetic field." The magnetic field is a region around a magnet where magnetic forces are exerted on other magnets or magnetic materials.
Magnetic domains are microscopic areas of a solid where the atoms all have their magnetic moments aligned. If these domains are randomly aligned then a ferromagnetic material like iron or nickel will not have any permanent magnetism. If these domains start to align with each other the bulk material will show permanent magnetism. The area around a magnet where the force acts is the magnetic field.
magnetic field. The magnetic field is the region in which the magnetic force generated by the magnet can exert influence on other objects or materials.
magnetism is a strange force from the center of the earth attracting every single magnet on the earth, it also acts as a compass to a magnet. if you take a magnet tie it to a string it will go north direction and it also act as a very concentrated metal meaning it can attract on its own.
The space around a magnet where the force of the magnet can act is the space occupied by the magnetic field. Alternatively we say that the magnetic field acts in the space around a magnet. That is a very qualitative statement with little predictive value. More predictive value is contained in a statement that the strength of the magnetic field at any position in the vicinity of a magnet is measured by the torque which is exerted on a small magnet moment (compass) place in the vicinity of a magnet. This, recorded with the direction the test compass points is actually a mapping of the magnetic field of a magnet. As a side note, if carefully measured one discovers that strength of the field around a magnet decreases as the inverse cube of the distance when far from the magnet. The field is mostly in the volume near the magnet but the weakening field continues to exist at all distances from the magnet.
magnetic pull
Its magnetism and the fact that the magnetism is the biggest force acting on the needle on the XY plane. This force is bigger than the friction from the spindle and the force of inertia. (The force of gravity is bigger but this acts on the Z plane) As the magnetism is the biggest force acting on the alignment of the needle it means it wants to align itself with the earths magnetic field. The result is a needle that points to magnetic north
The space surrounding a magnet in which the magnetic force acts is called a magnetic field. The magnetic field is the region where magnetic forces are generated and can influence other magnetic materials or moving charges.
Magnetism.
Each atom acts like a tiny magnet. When the atoms are aligned, the magnets produce magnetism. When an iron or nickel material comes near the magnet, its atoms align with the different pole facing the magnet. For example, if the magnet's atoms have the North side facing away, then the iron object will have the South side facing the magnet. So then they attract.
No, magnetism is not directly influenced by gravity. Gravity is a force that acts on all objects with mass, while magnetism is a force that acts on objects with certain magnetic properties. They are independent of each other in most situations.