Gold Price Forecast Today 18 March 2024
Why is gold price a precious metal?
Gold price is distinguished from other metals by several properties that make it one of the most important and common precious metals
Gold Price chart and Forecast
Among these properties are its attractive appearance, luster and the ability to maintain its shape without changing with the passage of time, and gold is a rare mineral, but the difficulty of extracting it is what makes it expensive. From an economic point of view, Gold price plays an important role as a currency in addition to being a commodity, as it was used in bartering in addition to the fact that governments and countries use it as their reserves.
Gold Price chart and Forecast Today 18 March 2024
What affects gold prices? Why do gold prices rise and fall?
The supply is represented in the quantities produced and the demand represented by the desires of individuals and institutions to acquire it, the monetary and financial policies of major central banks, the fluctuation of the purchasing power of the US dollar, political events and turmoil, the risk appetite in the markets and investor confidence, inflation rates and economic growth.
Gold Price chart and Forecast Today
Gold Forecast today 9 March 2021 by FxForecast24 on TradingView.com
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