stronger, it takes fewer dollars to buy any commodity that is priced in USD. Follow our Trader's Blog as trading professionals share tips and techniques, break down trades, and chat about the markets. In such a case the devaluation of gold, due to increased supply on the market, is camouflaged by a weakened US Dollar. We've used a filter created by Trader Travis, trainer and co-creator of the MarketClub Options program, to pick the top options stocks moving up the charts every day.
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The price of all US Dollar denominated commodities, like gold, will change to reflect the fact that it will take fewer or more dollars to buy that commodity. This pair is often known as cable because of the old telecommunication cable which was laid under the Atlantic ocean between United Kingdom and USA. Our feature on m breaks the change of the price of gold into 2 components. Weekday Mornings m Stock of the Week. Brokers will typically" a price with a spread between the bid and offer, usually of around 3-5 pips, from which you can buy or sell the pair then profit from closing the position with a trade in the opposite direction. So its quite possible, in fact its almost always the case that a portion of the change in the price of gold is really just a reflection of a change in the value of the US Dollar. Get the latest news, market analysis, and free trading tools from.