The impact of the US Dollar on Gold

Gold is one of the oldest means of currency and has been used in trade for a very long time. Over the years, other currencies took over and but gold still correlates with modern currencies. When the gold standard was scrapped, the U.S dollar took on the role of being the de-factor benchmark for pricing gold and other precious metals. It pretty much is the de-facto mechanism for international trade so when you are trying to find what the price of the precious metal is from gold buyers Melbourne, you…

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