Question

High interest rates depress gold prices, because they make it very expensive to carry

gold as an investment.
O True
False

Answer 1

High interest rates do not depress gold prices. Gold is often seen as a safe haven investment during times of high interest rates and economic uncertainty.

Step-by-step explanation:

False. High interest rates do not depress gold prices. In fact, gold is often seen as a safe haven investment during times of high interest rates and economic uncertainty. When interest rates are high, investors may seek to purchase gold as a hedge against inflation or currency devaluation.

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