Tag: gold rates

The gold trade is one of the most popular trades in the world. Every day, trillions of dollars worth of gold are traded on the global market. The price of gold is determined by supply and demand, as well as by geopolitical events. Gold is often seen as a safe haven investment. When there is economic uncertainty, investors tend to pour money into gold, driving up the price. Gold is also used in jewelry and for other decorative purposes, which also drives demand. The price of gold is measured in troy ounces. One troy ounce equals 31.1 grams or 1/12th of a pound. The most common way to trade gold is via the spot market. In the spot market, buyers and sellers trade directly with each other at the current market price. Gold can also be traded via futures contracts. Futures contracts are agre...