12/11/2018

The dollar's rise weighs on the price of the gold ounce

Everything for the dollar and nothing for the euro ... We could summarize the comments of the analysts.

The dollar's rise weighs on the price of the gold ounce

Everything for the dollar and nothing for the euro ... We could summarize the comments of the analysts.

Indeed, the dollar has benefited at the beginning of this week from a perspective of rate hike and therefore the continuation of the policy of monetary tightening of the FED but also the increase in production prices across the Atlantic.

The single currency, for its part, is facing the brunt of the Brexit and Italian budget problems. Italy seems far too optimistic about its growth forecasts and could therefore not respect the budgetary rules imposed by Europe. We will know more in the coming days.

But all these factors have made the euro dollar pass below the 1.13 mark and this amply justifies the drop in the ounce of gold which flirts again dangerously with the 1200 usd.

The rise of the one counterbalancing the decline of the other European saver has seen the drop of gold "only" a small 200 eur to 34,370 (middle course).

News See all
Here you will find important information on economic and financial news as well as information that may have an impact on your investments in gold or foreign currencies
The Gold Risks: Shine Without Stumbling in Gold Investments
2024-05-29

The Gold Risks: Shine Without Stumbling in Gold Investments

In the complex and sometimes tumultuous world of investments, gold shines as a safe haven, an anchor of security in a sea of volatility. However, investing in gold is...
Investing in gold - part 3: The different factors influencing the price of gold
2024-05-08

Investing in gold - part 3: The different factors...

The first steps towards investing in gold - part 3: The different factors influencing the price of gold
Gold Investment: Comparing Mining Stocks and Physical Gold
2024-04-23

Gold Investment: Comparing Mining Stocks and Physical Gold

In today's financial landscape, the allure of physical gold is in the spotlight. It offers a robust investment alternative to the...
Rising Safe Deposit Box Charges?
2024-04-22

Rising Safe Deposit Box Charges?

A major Belgian bank recently announced a significant increase in the rental fees for its safety deposit boxes, effectively doubling the costs for its entire range. This price hike came into effect...