Gold price chart, background, and sentiment |
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Gold is a precious metal that is widely used as a safe haven investment, acting as a stable store of value in market downturns. Gold has some industrial and research applications, but the market for gold is overwhelmingly driven by jewellery demand and investors seeking to protect their assets during market turmoil.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Gold is rare, durable, and resistant to corrosion, which have made it a reliable store of value over time. It is used in various applications, including jewellery, coins, electronics, and dentistry, in addition to its role as an investment and hedging instrument. Historically gold served to physically back the outstanding currency of most nations, a system that persisted until the mid twentieth century.
The price of gold behaves similarly to other precious metals, of which it is the most popular. Gold’s price is influenced by various factors, such as global economic conditions, geopolitical tensions, currency fluctuations, and demand from central banks and investors. Gold is highly liquid and is traded as a currency pair with the USD on some platforms. As a safe-haven asset, gold often experiences increased demand during times of economic uncertainty or market volatility.
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