Does the gold price fluctuation earn profit?
Investors all around the globe understand that the gold and stocks markets are the most dynamic. Despite that, gold is the most sought-after investment option. If we look at the trend of the past 50 years, it is seen that the price of precious metal has always spiralled up. Some key factors that drive the soaring prices of gold are- ● Like other commodities, demand and supply play an important role in the value of gold. In the year 2019, the demand for gold jewellery saw a skyrocketing trend globally. As the demand for yellow metal increases, the prices always go up. Moreover, gold also retains its additional value. ● Even the government banks seek the demand of the metal. Many countries in the world have reserves primarily dedicated to gold. ● Investors are attracted to the idea of investing in gold because of its enduring value. Gold is a safe haven in testing times. Even though the prices of stocks, bonds, and real estate follow a downward trend, the value of g