Last Updated :
16 October 2009 at 13:10 IST
What is Kitco Gold Index?
The Kitco Gold Index is up and the USD price of gold is up even more: This would definitely mean that gold has increased in value. It also means that the USD has weakened and so the degree of the gold value increase will be exaggerated when examined strictly in terms of the US Dollar. This is the exact scenario that we’ve witnessed over the span of the early years of the 21st century.
The Kitco Gold Index is down and the USD price of gold is down even more:
This would definitely mean that gold value has declined in value. But not by as much as it may appear in USD terms.
The Kitco Gold Index is up and the USD price of gold is down:
This would indicate that the USD has strengthened relative to the other major currencies, but that gold has gained in value.
The Kitco Gold Index is down and the USD price of gold is up:
This would indicate that the USD has weakened relative to the other major currencies, and that gold is really not up as it may appear.
With inputs from www.kitco.com
NCDEX POTATOFAQJUL12 20 July 2012
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