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#1
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Gold, Dollar and Oil
Hi there!
Can anyone elaborate the interrelationship between Gold, Dollar and oil? Sent from my GT-I9105 using Tapatalk |
#2
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There is an Inverse relationship between Gold and Dollar. When Dollar is strong, Investors tend to Buy Dollar and Dollar denominated Securities and avoid Investing in Gold. Similarly, When Dollar is weak, and Prospects for Economic growth in US are bleak, Investors tend to buy Gold as Gold is considered as "Safe Haven" for Investors.
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#3
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Oil mostly depends upon the the decisions of OPEC, Saudi Arabia, Russia, U.S., and Iran regarding the production of oil.
I agree with Rizvi saab that Gold and Dollar are inversely related. Would any of you two like to earn money through economic analysis? |
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