Rising Demand for Gold as Alternative Currency | Commodity Blog
The dollar 4.9 percent rally against a basket of six major currencies this year hadn’t significant impact on a gold price, supporting the viewpoint that gold can be considered yet another currency. The weak dollar still benefits the … An increasing investors’ demand boosted sales of old jewelry and other scrap gold. Asia still provides steady consumer base for a physical selling. Analysts say that gold needs to noticeably jump above the old highs to continue its rally. …
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