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M$2 Answers
Hello emailuser125 and thank you for your question.
"The value and price of gold varies depending on various factors. Some of these factors are, The value of various currencies, particularly the US dollar. The price of other commodities, The oil price, the economic situations and changes in those situations around the world. World events, such as wars and even dramatic weather influences, such as earthquakes, tidal waves etc.
The biggest influence of course is the perception of the value of gold as against their currency. There are hundreds of analysis on a daily basis busy writing on what they think the gold price is going to do, go up or down or remain steady. In the final analysis no one can predict with 100 percent certainty if the value of gold will go up or down. In the long term, one can see historically that gold has always gone up. Provided there is inflation, currency manipulation, economic upturns and downturns it would be safe to say that, in the long term, gold will continue the trend it has had over the past 100 years. It can be confusing to decide what to do, either buy gold or sell gold or just keep what one has."
http://www.goldprice.org/buying-gold/2007/04/gold-markets.html
Also see:
"How is the value and price of gold is decided?
The value and price of gold varies depending on various factors. They include the value of various currencies, particularly the US dollar, the price of other commodities, the oil price, the economic situations and changes in those situations around the world."
http://www.commodityonline.com/news/Which-are-the-major-global-Gold-markets-2326-3-1.html
Thank you for your question.
All the best
THX1138
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
