Information About price of gold

Spot Price of Gold – What Factors Are Driving It?

Spot Price of GoldThe spot price of gold may seem mysterious at first, but this is not the case when you understand what factors drive the market price of gold. At the most basic the answer is supply and demand, but this answer is very simplistic and there are other factors involved as well.

10 Factors Driving Current Market Price of Gold

Market Price of Gold1. The State of Economy

The market price of gold has risen incredibly in the last few years, mainly because of poor economy state. When the economy is doing well, precious metals prices are in the low. Oppositely, in poor economies prices for precious metals quickly go up.