Do you agree that when Gold price gows up, USD value drops down? why do you think this happens?

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Pravin Muthuswamy
01-April-2014

check historical data

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Question ajoutée par steve khawaja , Director of Finance, MENA region , DAI Global
Date de publication: 2013/09/22

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par Sankar potty , CFO , Salem Mohsen Al Harty Estt.

This is a function of the basics of economics--Demand and Supply.

As the Supply of USD increases or remains at a statically same level, a portion of the same would be diverted to mid to long-term investment opportunities. Gold is one such opportunity and as the demand increases the price goes up; and due to excess supply of USD, the value of the same goes down.

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