The US dollar has appreciated sharply and the prices of gold and oil fell.
Gold fell from a high of $1030.80 in March to US$808.05 this week. As for oil, it is currently at US$113.55.
There is a chance that gold may fall further to high – US$700 levels. There is an inverse correlation between the strength […]
Popularity: 6% [?]
With some of the prices of precious metals and commodities hitting the roof, I thought it would be clearer to look at the percentage change than just raw figures.
With fears of recession in US, these are some investments that are considered safe during times of crisis.
Item
Last Year’s Prices
This Year’s Prices
% Change
Crude Oil per barrel
US$65.68
US$109.95
67.4%
Gold Per […]
Popularity: 16% [?]
My mother’s friend’s daughter is getting married next month, and the mother is complaining about the rise in gold prices. She only bought one gold bracelet last year, because she thought it was too expensive. However, now, it turned out to be even more expensive than before. Diamond prices are still rather stable. More people […]
Popularity: 12% [?]
The price of gold changes according to the growth in demand for jewellery. More people are investing money in gold jewellery, perhaps due to increasing affluence. Gold is considered a solid asset. With this increase, prices increase too.
Another factor that determines the price is the US dollar. With the weakening of the US dollar, people […]
Popularity: 9% [?]
Gold must be on many people’s mind, now with prices reaching new heights. What are the advantages and disadvantages of various types of gold?
Gold jewellery is the most convenient to buy, and people get to wear them. It all depends on whether yellow gold is your colour. Other colours of gold do not have good […]
Popularity: 11% [?]
The recent US Federal Reserve interest rate cut, high oil prices and global economic growth had help push the price of gold. According to analysts, the price of gold could hit the US$1000 mark. It is currently at US$752.80 an ounce. This means there is a potential gain of 25%.
At goldsmith shops, the prices are […]
Popularity: 12% [?]
Gold prices are at a 27-year high. Diamonds are a girl’s best friends, but gold is every investor’s best friend. There is value from buying gold and there are many ways to go about buying gold. How can we get our hands on gold?
1. Buy gold jewellery.
Unfortunately, I don’t think I can get past the […]
Popularity: 17% [?]