Gold the New Global Currency

The unfixing of global currencies from gold is a fascinating story and one which, over the course of the 1900s, flew in the face of nearly every economic understanding up until then. After World War II, major nations around the world pegged their currencies’ values to the US Dollar, which was in turn backed by [...]

What affects Currency Rates

Since they resemble other commodities in today’s society, when these rates rise or fall on the international market, they are responding the well-known impact of supply and demand. Also, where a country stands in that regard at any particular time may be seen in its foreign exchange rate. The following factors are standard indicators of [...]

Gold Rate in Dubai

In addition to the fact that there is no import tax on gold, other factors have an influence on the price of gold in Dubai. The standard economic rule of supply and demand applies to the price of gold. When the supply of the gold commodity goes up, the price goes down, and vice versa. [...]

How Inflation Rates Affect the Price of Gold

While many gold investors might not be able to explain how inflation rates affect the price of gold, they all know that investing in the precious metal is a hedge against inflation. Just what does that mean? A hedge against inflation is a way of protecting one’s purchasing power. When the price of a loaf [...]

How Forex Rates are Determined

There is no doubt that all investors in forex market would love to know what causes Forex rates to fluctuate when making investment decisions. There are many factors that cause the price movement as the supply and demand of currency is not influenced by a single player. The changes of Forex rates are largely affected [...]

Gold Price Per Gram

Brief History of Gold and the U.S. Dollar About 15 years after the establishment of the U.S. government, Congress enacted the Coinage Act of 1792 which established the U.S. Dollar as the official national currency. The U.S. Dollar was valued at 1.7g of gold or one-tenth of an eagle; an eagle represented 17g of gold. [...]

The Gold Market and Modern Behavior

The spot price of gold meeting the above criteria is then set by the amount of demand that exists on the market for the metal as well as the supply available. The cost is referred to as a spot price because the value changes daily as the markets move the price up and down in [...]

What is Spot Gold

Spot gold is the price of gold that is available for immediate physical delivery to the buyer. It is actively traded around the world on a number of different exchanges. Gold is a global asset that is traded in U.S. dollars. In New York, professional bullion dealers buy and sell the precious metal on the [...]

How Silver Prices are Determined

Many investors tend to ask themselves, “How are silver prices determined?” As may be obvious, this is a question that defines the fine line between successful and unsuccessful silver investors — and yet, it is a question that is very difficult to truly understand. After all, silver is frequently traded all throughout the day and [...]

Understanding the Gold Futures Market

Futures give an investor the opportunity to earn a lot of money in a short period of time. The downside however, is that an investor can also lose a lot of money very quickly. Gold futures are traded in the United States in New York and Chicago and in other countries such as Dubai, London [...]