If you are considering making an investment in gold to diversify your investments, one of the first things you’ll want to find out is how gold prices are determined
If you are considering making an investment in gold to diversify your investments, one of the first things you’ll want to find out is how gold prices are determined. The answer is simple: It depends. That is, the price of gold is dependent upon several factors, which are dependent on each other. The primary factor is the „spot price“ which depends on the daily buy-and-sell spread. The spread is based on the current day’s supply and demand for a particular metal. Prices for gold coins are further dependent on the…
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