CONTENTS
Why is Gold Valuable?
Spot Gold Prices
What Drives the Price of Gold?
Where Does Gold Come From?
What Are the Main Uses of Gold Bullion? How to Get Breaking News
About Gold in Your Inbox
Conclusion
Where Can Trade Gold?
FAQs
Further Reading
Why is Gold Valuable?
Gold has occupied a unique role in the financial systems of cultures worldwide. Unlike other precious metals like silver, platinum, and palladium, gold has value far beyond its applications in industry. While business sectors including dentistry, electronics, and jewelry use gold in their products, there is simply not enough commercial demand to explain the very high price markets assign to the yellow metal. However, the high price is no mystery. Since the beginning of civilization, humankind has viewed gold as a proxy for money and a safe-haven asset. This reality has made it one of the most fascinating and misunderstood commodities.
Gold has occupied a unique role in the financial systems of cultures worldwide. Unlike other precious metals like silver, platinum, and palladium, gold has value far beyond its applications in industry. While business sectors including dentistry, electronics, and jewelry use gold in their products, there is simply not enough commercial demand to explain the very high price markets assign to the yellow metal. However, the high price is no mystery. Since the beginning of civilization, humankind has viewed gold as a proxy for money and a safe-haven asset. This reality has made it one of the most fascinating and misunderstood commodities.
Read more at: https://commodity.com/precious-metals/gold/