The price of gold is measured currently in USD. So if you buy an ETF of gold in any currency, it is by definition the USD value of gold translated to the target currency, which will move up and down according to exchange rates.
Be aware that there is considerable doubt that any gold ETF is backed by the commensurate amount of physical metal.
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The price of gold is measured currently in USD. So if you buy an...
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Simon Kidston, Non Executive Director
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