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17 Feb 2025 09:41
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Gold
Gold and money have been related for centuries. This precious metal has always been highly praised in the world market and across cultures, showing off wealth and prosperity of its owner.
Numerous countries still use gold as the base for their monetary settlements. Today, the world’s leading economies keep varying proportions of gold in their foreign exchange reserves.
Live gold prices - the current exchange rate of gold on the London Metal Exchange - are featured on this page. Knowing the rate of gold to the US dollar will help you understand whether gold is worth investing on Forex.
What drives gold prices
There are several factors that determine the value of gold:
Notably, these factors can have a simultaneous effect on the price of gold.
Benefits of investing in gold:
At the same time, investing in gold has its disadvantages. Its main flaw is price stagnation. Gold as a precious metal is not the most profitable asset. If the average US stock market return increased by 8% in 40 years (1926-2018), then gold had average returns of 3-3.5% for the same period (1979-2019).
How can you buy gold?
Investment in gold: exchange trading
There are several ways to invest in gold by means of exchange:
Clearly, there are many ways to invest in gold. Even though the precious metal is not the most profitable asset, it is definitely a reliable one. Therefore, it is more than reasonable to invest part of your capital in gold and expect long-term profits.
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