1. If the US dollar falls, Gold will remain the same price for the rest of the world. But, for the U.S., we will end up paying more for the same amount of gold
2. If the US dollar falls, Oil prices will rise for the U.S., but oddly, it will fall for other countries. This is because crude oil is primarily traded in U.S. dollars.
3. Since oil is used in the process of excavating and refining the gold, if oil prices go up, so does gold prices.
2. If the US dollar falls, Oil prices will rise for the U.S., but oddly, it will fall for other countries. This is because crude oil is primarily traded in U.S. dollars.
3. Since oil is used in the process of excavating and refining the gold, if oil prices go up, so does gold prices.
Gold investment may be very profitable for the traders, if they will perform optimum trading by using MCX Tips during trading.
ReplyDelete