The Inverse Relationship: Gold Prices and the Dollar Index In May 2023, gold futures experienced negative returns, largely due to an increase in the value of the Dollar Index (DXY) against a basket of six major currencies. The DXY, which measures the strength of the US dollar against other major currencies, rose by 2.34% over … Read more
Gold has been a valuable commodity for centuries and continues to be a popular investment and trading option. The precious metal is used in jewelry, electronics, and even medicine, but it is also traded as a financial asset. In this article, we will explore the ins and outs of gold trading, including the types of … Read more
Commercial procedures for the international trade of commodities can be complex, involving numerous documents, payment instruments, and third-party inspections. To facilitate these transactions and provide a framework for the parties involved, the International Chamber of Commerce (ICC) has developed guidelines and procedures that are widely recognized and used in the industry. In this article, we … Read more