On the flip side, gold may well possibly occur under pressure as desire prices increase, as a result of The point that gold will not give any dividend or curiosity for Keeping it. Currency marketplaces are another key driver of the place gold rate. Though gold is traded everywhere in the globe, it is frequently denominated in pounds. Because the greenback rises, it makes gold reasonably dearer for foreign prospective buyers here and may probably induce declines within the place rate. However, a weaker greenback may perhaps possibly make gold reasonably inexpensive for foreign traders, and might likely trigger place gold selling prices to increase.