In the ever-fluctuating economy, the price of gold seems to be a constant climbing force. But why is this so? The reasons for this upward trend are multipronged. Firstly, gold is seen as a safe haven asset, a ‘go-to’ for investors during times of economic turmoil or instability. Second, the weakening dollar acts as a catalyst for gold’s price surge. When the value of the dollar decreases, the price of gold, which is priced in dollars, begins to rise. Moreover, with central banks worldwide trying their best to keep the interest rates low, investors find solace in gold, moving their investments towards the precious metal. This is a markdown text format post. Read More
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