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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Does the decline of the dollar have effects on the global price of the yellow metal?

    rocky
    rocky
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    Does the decline of the dollar have effects on the global price of the yellow metal? Empty Does the decline of the dollar have effects on the global price of the yellow metal?

    Post by rocky Wed 26 May 2021, 6:41 am

    [size=35][size=35]Does the decline of the dollar have effects on the global price of the yellow metal?[/size]
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    Economie

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    2021-05-26 | 03:14
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    Gold prices surpassed during trading today, Wednesday, the important record level at 1900 dollars an ounce, supported by the decline of the dollar and growing concerns about inflation.


    Spot gold increased 0.3 percent, to reach $ 1,905.36 an ounce, its highest level since January 8, 2021.
     
    And he said [url=https://www.alsumaria.tv/Entity/90519797/%D8%B3%D8%AA%D9%8A%D9%81%D9%86 %D8%A5%D9%8A%D9%86%D9%8A%D8%B2/ar/]Stephen Inez[/url] Managing Partner at SBI Asset Management, “The drop in the dollar is providing support, and the rising risk of inflation is overshadowing everything at the moment. It is a matter of hedging against inflation right now.”





     
    He added, "Even in the event of high inflation, they (in the US Federal Reserve) will be very, very accommodating. What really matters for gold is the final real interest rates. The Federal Reserve will continue to maintain final interest rates at a low level, which will lead Weakening the dollar and gold will do well. "
     
    The dollar index sat near its lowest level in four and a half months against other major currencies, making gold less expensive for holders of other currencies.
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