Forex News: Gold Price June 17 2017 (51)

Asian Futures Point To More Losses As Gold To Oil Extend Drops, Banking & Finance

PLEASE NOTE: Orders for Friday 16 – Saturday 17 June made after 3pm on Friday 9 June are for collection only on the day of racing. This is mainly due to silver price weakness since peaking near $50 in 2011 (when silver outperformed gold). The Ask represents the price at which a trader can buy the base currency, which is shown to the right in a currency pair. This indicates silver may start to see greater strength (relative to gold) in the coming months, possibly catching up to and overtaking gold in terms of percentage performance.

The purchase of a stock, commodity or currency for investment or speculation – with the expectation of the price increasing. Dollar pullback: Gold has historically had an inverse relationship with the U.S. dollar – a strong USD depresses the price of gold, while a weak USD results in higher gold prices.

Such discrepancies occur, and are monitored by the gold/silver ratio The gold/silver ratio shows how many ounces of silver it takes to buy an ounce of gold. Disclaimer : The gold price given in this site is provided by sources which we consider are authentic and reliable.

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