What is the reason behind Gold going up 10% in value during the previous one month?
Because of US-IRAN crisis. Common bro, read some news at least.
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because there might be some economics behind it , see the retail sales in America gone up in the past week, that’s why dollar price soared . see, the increase in retail sales will see the increase in dollar price and gold has inverse relation with dollar. gold being indirectly proportional to dollars price. if dollar increases , gold has to fall and vice versa.
you can have the look at the economic calendar of the world trading elements or visit tradingeconomics.com for more info
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There is a lot of uncertainty generally in the world due to political issues. The latest one is definitely related to US-Iran fight over price of oil ( at the bottom-line). Investors are seeking they way to keep their funds safe, this is why they are investing in gold
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