Hello Everyone,
In this video, we are sharing #GoldRate #XAUUSDWeeklyAnalaysis Prediction for Next Week 6-10 Feb 2023 #forexforbeginners , Please watch the full video and share it with your friends also.
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Prediction for Year 2023
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Gold Prediction for Year 2023 : http://bit.ly/3QDxKCi
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Factors that influence the Gold Rate Forecast
1. Demand & Supply
Demand and supply are major determinants of pricing in any sold commodity. All of the gold that has ever been mined is still in existence because it is not a consumable. The quantity of gold mined is also not substantially increased each year. Because the supply is relatively scarce, the price of gold rises as demand increases.
2. Interest Rates
The relationship between interest rates and gold prices is the opposite. If interest rates decline, depositors won’t receive enticing returns. As a result, they withdraw their investments and buy gold instead, which raises demand and consequently, price. When interest rates are high, people also sell their gold and invest their money in deposits, which lowers demand and, ultimately, lowers the price.
3. Inflation
The value of the currency decreases when inflation rates soar. Additionally, few other investment strategies succeed in producing returns that beat inflation. Thus, the majority of individuals begin investing in gold. Gold serves as the ideal privet because it is unaffected by changes in the value of the currency, even if high rates of inflation persist for a longer time.
4. Import Duty
Less than 1% of the world’s gold production comes from India. The second-largest user of yellow metal, though, is it. To accommodate the growing demand, India imports a lot of gold. Therefore, import taxes play a significant effect in gold prices.
5. Government Reserves
The Indian government has a number of gold reserves. It purchases or sells gold through the Reserve Bank of India in accordance with its policy (RBI). The price of gold might change depending on whether it is bought or sold more.
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6 Comments
Sir mene 1895 pe by kiya h or mera pura loss ho chuka h ab aage kya karna h hold kare ya loss me exit kr le plis jarur btayeππππ
Thanks
ππ
Ty very much
So can I start my sale on Monday?
You thinks it's going downhill?
Thanks
Thanks bro .. I have a question please , which editor are U using ????