Gold prices fell on Friday, pressured by a stronger dollar and as better-than-expected U.S. jobs data raised concerns of aggressive monetary policy tightening. Spot gold fell 1% to $1,848.67 per ounce by 1759 GMT, after earlier falling to $1,846.4. U.S. gold futures settled down 1.1% at $1,850.2.
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Why is the gold price going down day by day
When gold miners produce excess magic compared to demand, the price can come under pressure due to a certain law of economics. Speculators who have accumulated gold or withdrawn it from the market can create temporary differentials that cause prices to fluctuate rapidly. A sustainable bull market for necklaces is impossible.
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Why a rising gold price is bad news
Unfortunately, the rise in the price of gold means problems for you. There’s a canary in this mine. As more people worry that their dollars will buy less in the future and trade them for durable assets, the prices of commodities such as food and fuel, metals and building materials will plummet.
Why will gold prices continue to rise
“Gold prices are likely to remain high in the medium term, as evidenced later by broader corrective signals and a US Federal Reserve rate hike. Importers will look to take full advantage of the gold price decline by leveraging a stronger rupee,” Tapan Senior Patel, an analyst (commodities) at HDFC Securities, told Financial Express Online.
When will gold price drop
Gold has once again become a safe haven as tensions between Russia and Ukraine escalate. Buying gold has become more expensive in the last 24 hours – will valuations rise further this week? Credit Photos: Bay News
Why has gold been going down
As with other exchange purchases, the price of gold fluctuates daily based on the vagaries of quantity and market forces. The amount can drop in one day simply because there were more sellers of antique watches on your exchanges than buyers of gold that day.
What is affecting the price of gold today
Global jewelry and industrial demand
Therefore, steel prices can currently be influenced by the underlying theory of supply and demand; Currently, as demand for consumer goods such as jewelry and electronics increases, the value of gold may also increase.
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