Gold rate is 855 $ how more it gonna get low?

Question

help me experts & genius!!

Answer 1

First off... dollar signs go in front of the numbers... $855

secondly gonna get low is not very good english.

Thirdly the stock market is all speculative.

Answer 2

Probably not much lower, the reason the dollar has gone up in value with respect to gold is because oil demand has decreased, and oil and the dollar are linked (oil is bought in dollars).

Reason being the Chinese have stockpiled enough oil to last them through the Olympics, but after that they will start buying oil again.

This will force the value of the dollar down, and since gold and the dollar are usually inversely related (not always), gold will go up.

Answer 3

Gold is on an upswing, $861.50 as I write this.

Hang in there.

Grandpa

Answer 4

I doubt that it would go low. This month gold sale in India would hike because, many Jewel shops usually announce sale this month. I believe it should go high at least by this month due to more demand.

Answer 5

It depends on how long the goose keeps laying eggs.

Answer 6

oh ****! my crystal ball just broke... But i suspect it will drop down to like the low 700's...