News: November 17, 2021. Gold Continues its Price Increase

[marcusantoniu26]

Gold continues its price increase which started around the the end of September and it is now at US$ 1870 per oz. The immediate causes for the increase are a decline in the value of the dollar and softer yields in the US Treasury bonds.

The causes for a sustained increase in the price of gold are related to the economic uncertainty and the need to hold on to commodities in an inflationary environment. There is also the notion that gold could be significantly undervalued at this point.

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.

Comments

[kawsar8035]

Lots of nice analysis. As the dollar depreciates, so does the price of gold. After learning about this, I came to know something new. Thanks

[twicejoy]

Thanks for sharing such important message. Gold price continues to rise since since dollar value is dropping. Stay safe and have a wonderful day