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Gold price Change due to Weakening of USD+5.70
Gold price Change due to Predominant Buyers+7.30
Gold Price: Total Change+13.00
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(29-03-2023, 04:53 PM)red3 Wrote: And point being?
Even if the Gold price rises, the USD weaken, and the profit is LL if your purchase of Gold is tagged to USD. The rise in gold price needs to be more than the weakening of the USD. You will suffer an exchange loss when you convert the currency to SGD.
(This post was last modified: 29-03-2023, 05:12 PM by
theold.)
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The beauty lies in auto covert to the strongest currencies
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