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How Exchange Rates Affect Gold Buyers

When people think about the price of gold, they usually focus on whether gold itself is rising or falling. For buyers outside the United States, there is another important variable: the exchange rate.   Because international gold is usually quoted in US dollars, a buyer’s local currency can make gold cheaper or more expensive even […]

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How Currency Movements Affect Local Gold Prices

Gold has a global market price, but buyers do not experience that price in the same way everywhere. A person buying gold in India, the United Kingdom, Japan, or South Africa may see the local gold price rise even when the international US-dollar price is barely moving.   The reason is exchange rates. Because the […]

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