INRhttps://branches.whitegold.money/white-gold/branch-in-bengaluru/branch-in-adugodi/white-gold-in-adugodi-bengaluru--247k2n/articles/gold-prices-everywhere-are-inextricably-linked-to--0bde3dd0-b39d-476f-9081-00853e6a3235No 14, Main Road, Ayappa GardenAdugodi, bengaluru560030
White Gold, Adugodi, bengaluru
Gold Buyers Branch in Adugodi, Bengaluru, Karnataka
No 14, Main Road, Ayappa Garden, Nearby Sri Venugopal Swamy Temple, Adugodi, bengaluru, karnataka - 560030
9590704444
7704.9
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Gold prices everywhere are inextricably linked to the Dollar and hence the US Economy. But why? And since when? The Bret...
Gold prices everywhere are inextricably linked to the Dollar and hence the US Economy. But why? And since when? The Bretton Woods Agreement in 1944 pegged the Dollar to gold and declared it the International Reserve Currency. This marked the humble beginnings of gold and dollar’s rocky relationship. When the Gold Standard was abandoned in 1971, the relationship turned inverse and ever since then a hit to the dollar is a win for gold and vice-versa. Gold and the Dollar remain linked not because of world order, but market dynamics. All gold you see is priced in dollars.