1) How is the price of gold determined?
There are a lot of factors that go into the pricing of gold. It has some industrial use, but it’s largely traded like a currency to hedge against uncertainty in currency markets. It is seen as a stable investment, and it often increases in value during times of uncertainty.
Of course, there are a lot of factors that go into the market value of gold, but it traded on Forex markets around the world and is one of the most popular investments. It’s impossible to say for sure whether it will go up and down over any given time period. If you want to calculate how much the gold you own is … read more ->