Changes in Exchange Rates

Gold Exchange Rates

The weakening of the U.S. dollar exchange rate is usually pushed up gold prices. This is because investors choose to sell their own dollars and then buy the gold which was considered able to protect the value of the assets they have.

For example, at the time of writing (mid-October 2009) the exchange rate of the dollar against other currencies continued to decline, while the price of gold continues to rise up to the level of $ 1,070 per troy ounce which is the highest gold price in history.