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Overview of the Gold Market

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Despite gold’s historical role as money, the contemporary gold market is rather young. Until March 15, 1968, when a twotier market for gold was established, the price of gold was maintained at a predetermined level (or rather, national currencies were defined as unit weights of gold). From that time, the market forces shaped the price of gold. In 1971, the gold standard was abandoned and the twotier market came to an end and central banks started transactions in gold at market prices. As the

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