Understanding How Gold Prices Are Determined

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Understanding How Gold Prices Are Determined Paper currencies have come and gone through the ages but gold has always maintained its value. While cultures have cherished gold for its beauty and viewed it as a symbol of wealth, investors today buy gold to diversify their portfolios, as a hedge against inflation, and for protection against currency devaluation. Itā€™s widely accepted that gold is a good investment, but less is known about how gold prices are determined and what affects the daily price of gold. Value of the U.S. Dollar The…

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