Gold prices retreated from one-year highs on Thursday as the dollar regained some ground, while investors awaited the US non-farm payrolls report to gauge the Federal Reserve's monetary policy strategy.
Remember folks this is paper gold they are talking about and no real gold changes hands. For normal everyday folks it is real gold held outside the banking system that is important. You must rap your head around the fact that the price of anything goes up because the value of the dollar is actually going down. More worthless dollars to buy the same product you bought last month for less