Is Gold Price Changing Direction?

As everything else, gold price is determined by supply and demand. However, it is also affected by the US Dollar exchange rate, because it is priced/Quoted in Dollars. If the Dollar rises in the forex market, gold prices tend to drop and vice versa. (Oil prices are similarly affected). Continue reading “Is Gold Price Changing Direction?”

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Gold…Gold… Whereto?

Gold…Gold… Whereto?

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Gold price has dropped approx. 6% last week to around US$ 1,243 per ounce. Some analysts think that it may still drop another US$ 200 to as low as US$ 1,050 in 2017. These analysts believe that gold physical supply exceeds demand and will continue down until an equilibrium is achieved, and then upturn. Continue reading “Gold…Gold… Whereto?”

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