Latest Movements in the Price of Gold

 Price of Gold

The price of gold is rising rapidly day by day. Therefore, the future of gold prices is highly uncertain as the fiscal and monetary policies keep on changing along with the fluctuation of the value of currencies.The price and market value of euro is the highest nowadays, while dollar is losing its value. A recent downfall in price of the dollar and improvement in equities forced the price of gold to remain in the trading capacity. The improvements in the equities have led to the stability in the price of gold.

The measurement of the movements of the price is estimated according to the demand of these sectors which utilise gold. Gold is also like any other metal. If its demand is as good as its supply, the price will not rise. However, sometimes the case is different, as there are various factors determining the fluctuations in price.

Demand for gold has always gone up and accordingly a few factors responsible for the fluctuation in the gold price. These factors include oil prices, exchange rates, inflation rate, political and military affairs, interest rate and demand of gold by banks.

Gold price movements are dependent on the currency fluctuations. If measuring the price movement in a particular country, then we have to measure them according to the currency of the country and not compare it internationally. As, the price of the currency fluctuates the price of gold fluctuates along with it, and the demand is affected as well.Article Source: http://EzineArticles.com/2743126    Price of Gold