💡 How do the US Federal Reserve's policies affect the prices of the dollar 💵 and gold 📊?!
• The US Federal Reserve's decisions, especially those related to raising or lowering interest rates, play a major role in determining the prices of the dollar and gold globally.. 🏦
🔍 How does this happen?
1️⃣ Dollar:
• When the Federal Reserve raises interest rates, demand for the dollar increases globally.
• When interest rates are lowered, demand for the dollar decreases, which may relieve pressure on its price.
2️⃣ Gold:
• Higher interest rates make investing in the dollar more attractive, which may lead to lower gold prices globally.
• Lowering interest rates increases demand for gold as a safe haven, which drives prices higher.
✨ Advice:
👈 Follow the decisions of the US Federal Reserve and their impact on the markets to determine the best time to invest in gold or deal in dollars.
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