Today’s Gold Price, Supply and Demand
Today’s Gold Price
Factors influencing gold prices and how they are determined:
1. Supply and Demand:
Gold prices fluctuate in response to the interplay between supply and demand Like any commodity. Increased demand or decreased supply can drive prices higher, and vice versa.
2. Inflation:
Gold is frequently regarded as a safeguard against inflation. When inflation is high, the value of currency tends to decrease, leading investors to turn to gold as a store of value.