was desired by many for its unique beauty and scarcity, making it a highly desirable commodity as well as a symbol, and eventually a store of wealth. However, as time progressed, the gold standard was adopted as a form of global currency and now, even though the fiat system has replaced it in its entirety, gold continues to hold intrinsic and economic value, making it a popular investment in financial markets.
Unlike paper money, gold is a physical commodity that has no default risk and is not impacted by government policies. During periods of economic uncertainty such as aand a depreciation of currencies. Whilst this may result in a loss in purchasing power of paper money, gold may be used as an inflationary hedge, making it a popular investment during these times., changes in the currency tend to have a direct impact on the gold price.
The same factors that influence gold as an investment will likely influence it as a tradable commodity but because the gold market is so large, high trade volumes, combined with ample liquidity and almost 24-hour trading, allow for tighter, making gold relatively inexpensive to trade.
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