2025-01-30 15:42
IndustryThe Role of Gold in Forex Markets
Thus, a country that exports gold or has access to gold reserves will see an increase in the strength of its currency when gold prices increase, since this increases the value of the country's total exports. In other words, an increase in the price of gold can create a trade surplus or help offset a trade deficit.
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The Role of Gold in Forex Markets
Nigeria | 2025-01-30 15:42Thus, a country that exports gold or has access to gold reserves will see an increase in the strength of its currency when gold prices increase, since this increases the value of the country's total exports. In other words, an increase in the price of gold can create a trade surplus or help offset a trade deficit.
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