Gold in Sterling and Euro Terms

Gold in Sterling and Euro Terms

Gold has been performing exceptionally well in dollars in the last month and incorrectly many investors assume that the nominal value of gold has also been going up as the dollar has been dipping. This is not entirely the truth. If we look at the gold price in other major currencies, it hasn’t gone up as much as was believed. In Sterling terms gold managed to break through the June records just yesterday and in Euros it is still around 30 below the June levels.

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