The Economic Interplay between Gold Prices and Different Sectors

Exploring the Impact of Gold Prices on World Economy, Finance Industries, Investors and Forecasting the upcoming trends

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About Dataset

Daily Gold Price Historical Data” and it can be found on Kaggle. It is a CSV file containing daily gold prices from January 2000 to August 2020. The data is provided by Psycon.com, which is a website that provides historical financial data. The dataset includes the following columns:

Date: The date of the gold price

Open: The opening price of gold on that date

High: The highest price of gold on that date

Low: The lowest price of gold on that date

Close: The closing price of gold on that date

Volume: The trading volume of gold on that date

Currency: The currency in which the prices are quoted

How Gold plays important role in the World Economy?

  • Store of Value: Gold has been used as a store of value for centuries, and it is widely considered to be a safe-haven asset. When investors are uncertain about the future, they often turn to gold as a way to protect their…

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