how can we measure the gold and currency($,yen,euro….)?
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This entry was posted on Sunday, June 28th, 2009 at 7:52 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
June 28th, 2009 at 7:52 am
Gold is a commodity and it trades every business day on the New York Mercantile exchange (comex). Likewise all currencys fluctuate daily and there is an official exchange rate. You can find the price of gold at nymex.com. You can get current currency exchange rates at finance.yahoo.com/currency and many other places.
June 28th, 2009 at 7:52 am
nothing much to add to Steve's answer. Prices fluctuate every second and are measures using the official interbank rate which can be seen on any currency convert. Supply and Demand dictates the price.