| Gold has had a challenging week. Its price has been very volatile due to the nature that it is driven by investor sentiment and economic confidence. Gold it is a peculiar commodity, in so far that it is very light considering its value and doesn’t spoil. Unlike corn or coffee it cannot be consumed, therefore it doesn’t have a kind of fundamental demand.
Yes, it is true that it can be demanded to be transformed into jewellery, but they are also a store of value. Therefore investors tend to seek shelter in gold, when times appear destitute...............................................Full Article: Source
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