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Alternatively, gold could probably arrive under pressure as interest rates increase, as a consequence of The point that gold won't offer you any dividend or curiosity for holding it. Forex marketplaces are A different key driver in the spot gold price. Whilst gold is traded everywhere in the globe, it is often denominated in pounds. As being the dollar rises, it tends to make gold relatively dearer for international purchasers and may most likely lead to declines inside the spot selling price. Alternatively, a weaker dollar may well perhaps make gold click here fairly inexpensive for international investors, and might possibly induce place gold prices to increase.