Sunday, December 18, 2005

The Price of gold

Gold is real money hence it doesn’t really have a price but an exchange rate with other currencies.

Since the US dollar is still the most used currency the Most important gold exchange rate is gold / US dollar(USD).
Other then the US dollar the 2 other most used currencies are Euro and Yen. Therefore it is important to track the Euro & yen /gold exchange rate .

Please see annotated charts courtesy of gold chartgold euro chart

gold yen chart

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