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Gold Price Analysis

efore the economies operated into the cash-based economy. the trade, commerce, and economies were managed by Gold, in such a system, each currency has to mention the value of its currency on the basis of gold. It was the inability to transfer gold and use it in everyday commerce that led to the creation of paper currency. But to give that paper value, it had to be convertible to gold. nowadays gold is also traded as a major currency globally and US Dollar is also the global currency so gold and US Dollar are the counterpart of each other and always react opposite to each other. other than technical analysis there are many points to analyze the gold price fundamentally. Major Factor For Gold Price Analysis: Following are major crucial  economic factor that mainly derive the gold price  Dollar Strength: If the dollar strengthens, people would prefer to spend less on gold and keep their spendings intact. This reduces gold prices. thus boost in the American economy will lea
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