Note: If you are looking for gold rate please look in the right column under the heading Today's Gold Price.
With gold prices touching the sky and putting a dampener on gold sales. See the poll results on the right. A lot of you must be wondering how the heck in the world is a weakening dollar affecting the price of gold.
Let me come to this in a simple grandmom explanation.
Its all about the hedge against inflation. People invest in assets where they can gain more than inflation.
Consider the dollar starts weakening due to various reasons. Which means the dollar cannot buy as much anymore. People start moving their money to other assets like stocks, land, gold etc. This spurt in gold purchases with supply remaining constant, pushes the gold price up.
I think I got that right. Whoops this does look like a jalebi.
Sone Pe Suhaga - Trusted Insights in Jewellery Retailing and Trade practises
KATHANA Jewellers' Official Blog
Pitampura, New Delhi.
2 comments:
Great article here and the tips are very comprehensive. For sure many entrepreneurs with small and big businesses are going to benefit from this. Keep it up!
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