Tuesday, April 27, 2010
High gold prices affect the currency
Gold prices, the rising may affect the other currencies. High gold prices can be important for the currencies of gold-producing countries. Australia is the third largest exporter of gold in the world and Canada is the third largest gold producer in the world. So if you think that gold prices will continue to rise, you can set up your trades or Australian dollar Canadian dollar as the currency will become stronger.
Market gold is a neutral "- this means that gold is not related to a State, therefore, high prices affect the trading in several currencies. Can be as high gold prices, when changing political or economic circumstances in the United States. If I started the gold price to rise, you can expect it will continue to rise in the coming period of trading. and this expectation may decide traders sell U.S. dollars and buying euros as they believed that the value of the dollar will fall and the value of the euro will rise.
http:// wwwgoldtrade.blogspot.com
Gold prices
Gold is the currency of
But drivers in gold is a form of currency, as well as silver. And can be traded like the rest of their currencies. However, there is a difference: Gold and silver can be traded only against the U.S. dollar (USD)
Universal symbol for gold is XAU, the symbol of silver is XAG. Vehicles and symbols of a letter X in the Forex and the chemical symbol for gold (AU) and silver (AG).
The gold price.
The gold price is measured by its weight and price shows how much will it cost to buy one ounce of gold in U.S. dollars. There are many systems of weight measurement in the markets of precious metals and stones. Is the most common Trojan ounce, approximately 31.10 grams and oz Avordeboy and equal to about 28.35 grams.
For example, if the gold price was 612.97, it means that the weight of one ounce of gold can be traded to 612.97 U.S. dollars. Similarly, the price of silver is the price of Aloons in U.S. dollars. If the price of silver was 11.853, it means that ounce of silver can be traded at 11.853 U.S. dollars.
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