In other words, when the value the US dollar is strong, gold prices go down. Related, the strength of major economies also has an inverse relationship to the price of gold - at least when an economy has a significant downturn. All of this is due to the “safe haven” status gold has...
sanctions that could result from dollar-based transactions. The Trump administration has deemed the channel an attempt to evade its maximum pressure campaign against Iran, while questioning whether it’ll work. Interim Budget 2019: Taxation Reforms The direct tax collection has been increased ...
How is the current price of gold per ounce determined? There are many factors that contribute to the current price of gold. Chief among these factors is the strength of the US dollar. Traditionally gold has an inverse relationship to the value of the dollar. In other words, when the value...
Appreciation of the US dollar in 2019 led to a decrease in retail sales at current exchange rates 5. Key industry trends Four trends have the highest potential to impact the industry in the near term: rapid growth of online sales channels, increased marketing spending to support the natural di...
He stated, these interventions will help the capital goods sector in contributing more actively towards the national goal of achieving a one trillion dollar manufacturing sector. The Minister stated, the21-member Inter-Ministerial Committeewill be headed bySecretary of Department of Heavy Industries. ...
tensions, feeble US dollar, and downbeat Asian equities has lifted the metal's safe haven appeal for investors; and, in turn, boosted prices. However, one can't eliminate the apprehensions of slower global growth that continue to plague the economy, will provide suppor...
1 - Direct investment in India rose by 19 billion US dollar According to the data on the International Investment Position, IIP, released by the Reserve Bank of India, direct investment into the country rose by 19 billion US dollar during 2019-20. International financial assets of Indian reside...
board at IMF completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). Yuan will be a freely usable currency and will be included in the SDR basket as a fifth currency, along with the US Dollar, Euro, Japanese Yen and British ...
The President of India Ram Nath Kovind addresses the nation on the eve of 72nd Independence Day. The Indian rupee value crashed to all-time low of 70.09 against the US dollar. 15 August 2018 72nd Independence Day is celebrated in India. ...
How is the current price of gold per ounce determined? There are many factors that contribute to the current price of gold. Chief among these factors is the strength of the US dollar. Traditionally gold has an inverse relationship to the value of the dollar. In other words, when the value...