I read the article “Gold: The Rate for an Ounce”, and I found this article a good article to read. The price of gold has increased dramatically in percentage due to the value of the dollar has fallen. That is because the Fed’s has cut the interest rates, so the dollar value has fallen in value.
Today the going rate for an ounce of gold is 950 dollars for an ounce. Gold rate is higher than the dollar value but in time as the dollar value keeps rebounding the value of the gold in ounces will continue to fall and rise. This is a good article to read for anyone that is interested in the gold rate. I enjoyed it.
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