Gold Index. When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity. 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. So it’s quite possible, in fact it’s 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.
Sometimes that portion is insignificant. When the dollar gets strong, gold appears to go down, and vice versa. The other part is an actual increase in the supply or demand for gold. Consequently, if gold is higher in US Dollars while at the same time cheaper in every other currency, then we can conclude that the US Dollar has weakened, and that gold has actually lost value in all other currencies. Gold Traders Association : สมาคมค้าทองคำ. 24-hour Spot Chart - Gold. Exchange Rates. Currency Converter. Live Gold Price. F | technology.