Economy Factors on global level affects gold prices in the form of global uncertainity. It includes the political and geopolitical uncertainity. Even today, political and geopolitical uncertainity remains the biggest factor driving the prices of gold. Central Bank like US Fed, The Bank of Japan, have strong impact on gold prices with their monetary policies.
Government Gold Reserve Affects Gold Price. How? Government of a country with their banks plays a keen role in prevailing gold prices in the country. As in India, Reserve bank of India, holds the right of supply of gold in the market. If RBI starts holding gold, the supply of gold will decrease in the […]