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There are a number of governments in Europe which are under heavy economic pressure as a result of their high levels of debt, and continued deficit spending. The island of Cyprus in particular has come very close to bankruptcy and took drastic measures to avert it. Greece, Italy, Spain, Portugal, and Ireland are all in trouble. It is expected that some of these governments will sell some or all of their gold reserves, in an effort to deal with the current crisis. If this happens, putting large amounts of gold up for sale will alter the balance of supply and demand, which determines the gold price. If supply goes up, price goes down. And purely in anticipation that this will happen, the price is already going down. After all, if you expect that the price of gold is going to go down, then it makes sense to sell it now, before the price gets any lower. It is really a self-fulfilling prophecy. If enough people expect the price of gold to go down, then the price will go down.
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What is the price of gold in USA?
The price of gold and other metals does change day to day. The price of gold today is 1118 per ounce.
What is the Comex's market price for gold?
The comex's market price for gold is closed, but is at $1,274.70, and is slowly decreasing. This market price may not be exact, because the market increases and decreases a lot of times.
What is the current gold price of today?
Gold price changes from day to day so there is no fixed price for gold and for present the current price of gold in market is 1359.50 US dollars.And the same gold price in india is nearly equal to 27000.
What is the gold price in dhaka to day?
what is the gold rate in dhaka
What is the Price of a kilo gold bar?
Approximately £20,159, but the price varies day to day.
Is gold rate are decreasing in may?
may be gold rate are decreasing next 2 months
Why does the price of gold change so much day to day?
it changes cause by the rate people buy and and find the gold but if people dont buy the gold that much the price drops and wen the price rises wen gold if found :D :P
What is the price of gold at?
Gold prices fluctuate throughout the trading day but the most recent price was $1535.63 per ounce.
What are the average prices for 9ct gold bracelets?
The average price of a act gold bracelet depend on many things. First, the price of gold. The price of gold fluctuates slightly day to day. Secondly, the weight of the bracelet. As the price of gold goes up so does the price of the bracelet that weighs more than others. Thirdly, the name brand. Branding can add significant cost to the purchase of a 9ct gold bracelet.
What is a reasonable price to sell a fair quality gold bullion at?
This is difficult to answer as the price of gold varies from hour to hour and from day to day. Currently the price in the UK is around £33 per gram, but it is best to check daily with the gold markets.
Why the gold rates are going very high?
Gold rate is increasing day by day because most of the peoples are trying to invest on gold as jwels or mostly as gold biscuits. And also it seams the value of gold remains almost constant but the value of money seems to be decreasing.
Why the gold price is increased?
The Gold price has increased because the gold is getting rarer and rarer - hence the gold gets more expensive.Answer:The price of gold changes, not because gold is getting rarer or because its value is increasing but because the value of money is decreasing due to inflation, it takes more devalued dollars to buy an equal amount of gold. For this reason people convert money into gold, to maintain a stable value of their purchasing power.
