RSSLooking at the price of dollar in the local market, it comes to a bit of a relief as the price of gold might ease down. In the world’s economy, the price of gold is inversely proportional to the price of dollar. However, in the recent times, this principal has already been proved erroneous as the financial market of the world saw dollar doing well in the market with gold still hiking up. There’s still some fact that support the relation between inverse proportions of gold to dollar.
Gold is not that much of a valuable metal when it comes to its utility. The processing of gold from its initial stage to its final stage is very expensive and that’s why the price of gold has always been very high. The natural resources which yield gold have always been limited and that’s another factor which makes the price of gold very expensive. But then again the popularity of gold has never reduced in the course of time.
Some couple of days back the price of gold has reached somewhere around 1850.00 plus more in dollars, currently it is hovering at around 1760.00. The price may still ease down with the European market being the centre of attraction where all the big nations are giving their best to help Europe recover from its financial turmoil.
Gold is not that much of a valuable metal when it comes to its utility. The processing of gold from its initial stage to its final stage is very expensive and that’s why the price of gold has always been very high. The natural resources which yield gold have always been limited and that’s another factor which makes the price of gold very expensive. But then again the popularity of gold has never reduced in the course of time.
Some couple of days back the price of gold has reached somewhere around 1850.00 plus more in dollars, currently it is hovering at around 1760.00. The price may still ease down with the European market being the centre of attraction where all the big nations are giving their best to help Europe recover from its financial turmoil.
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