The price of gold today is having a clear upswing when gold increased by 18.2 USD to 190.4 USD/ounce.
The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, fell 0.19%, increasing the attractiveness of gold to buyers holding other currencies.
With the current gold price situation, the trend of buying gold is being strongly interested by investors.
The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, fell 0.19%, increasing the attractiveness of gold to buyers holding other currencies.
With the current gold price situation, the trend of buying gold is being strongly interested by investors.
Comment:
Short-term treasuries currently offer yields around 5%, which is significant competition for gold.
