The global economy is a complex system that affects the price of everything, including commodities like gold, even if it is considered a safe investment option. These prices react to and depend on various economic trends, uncertainties, and macroeconomic factors. Let’s look at these factors and how they impact gold prices. The Impact of Inflation and Other Macroeconomic Factors Inflation is a general increase in the value of products and services. It leads to the erosion of the value of currencies, but it often has the opposite effect on gold prices. Why? Inflation leads to more people investing in or…
Author: Company Announcement
Gold has long been viewed as a safe haven asset, appreciated for its value and liquidity during times of economic uncertainty. However, the gold market has evolved into a dynamic and complex space that requires skill and strategic trading to find success. By understanding key drivers of price action, implementing risk management best practices, and keeping emotions in check, traders can more effectively trade gold and potentially profit from its volatility. Follow the Key Market Drivers Like any tradable asset, gold prices are impacted by the core forces of supply and demand. Pay close attention to factors that affect these…
RePay Digital Solutions formalized its new partnership with UnionBank Philippines to provide financial services for Filipinos in the local and international market. RePay is a digital wealth-building tool that is aimed first and foremost for Filipinos. Its mission is based primarily around helping the Philippines transition from a mostly cash-based economy to a cashless economy, helping the unbanked sectors manage and increase their financial capabilities in the process. One of its distinct designs will also make real estate transactions and payments easier even when abroad with the support of its sister Property Tech Company, Realholmes Property. RePay’s application includes various…