Dollar Loses Gold Gains

Gold rates, economy, business, gold neclace, gold coins, gold bars, golden, high price

Gold rates created history in US Economy on Friday and rose to a record rate of $1300 an ounce.  The hike in Gold rates accompanied week dollar rates and high silver metal rates.

Head of currency and metal trading at bullion refiner MKS Finance SA in Geneva, Bernard Sin said that, “the hike in Gold rates depicts instability of dollar and signals for a disturbed economy. Investors are investing in the precious metal to be on a safer side which led to increase in the prices.”

Not just Gold, Silver too closed on a 30-year high at 19% hike with $21.39 an ounce.

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