How Gold Prices Are Determined: Factors That Affect Cost


Gold is a precious metal with a long history dating back to ancient civilizations. Gold is often used as a store of value or an investment, but how is the price of gold determined? Read on to learn more about the key factors that affect gold prices. Supply and Demand One of the most fundamental concepts in economics is supply and demand. The price of gold is determined by how much gold is available (the supply) and how much people are willing to pay for it (the demand).

9 August 2022