Gold may rise in value

11:51 - 30.07.2021

July 30, Fineko/abc.az. The dollar index continues to decline in the U.S.

ABC.AZ reports that among the main causes are the level of economic development in the U.S., decrease in the number of applications for unemployment benefits and home sales. As a result, the dollar is losing value on world exchanges in front of other leading currencies.

As a result of the fall in the dollar exchange rate on world exchanges, the demand for gold continues growing.

If the price of the precious metal, currently offered from $1,828 per ounce, can strengthen above the limit of $1,834, it can rise up to $1,845 and $1,853.

 

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