Why was gold a factor in affecting the European countries

Cheaper commodity and oil prices negatively affected the gold price ... As opposed to rising US debt and trade deficits, countries like Switzerland, ... Higher wages translated into inflatio

Gold is used as a standard of value for currencies all over the world. The price of gold gets stated as a currency value, often in U. S. dollars, and the price of gold can fluctuate with market conditions. What influences the price of gold in the current marketplace? Below are ten significant influences on gold price fluctuations that any investor with an interest in gold trading should understand. Because gold prices tend to rise when people lack confidence in governments or financial markets, it often gets called a crisis commodity. World events often have an impact on the price of gold because gold is viewed as a source of safety amid economic or geopolitical tumult. For example, the price of gold spiked right after the Russians moved into the Ukraine as people became uncertain about geopolitical stability in the region. In other cases, military action may actually increase reassurance with geopolitical situations. For example, the gold price softened at the beginning of Gulf War I. The bottom line is that political chaos equates to more interest in gold as a safe haven.