The Gold Market refers to the global marketplace where gold is bought, sold, and traded. It encompasses various channels including physical gold transactions (such as bullion, coins, and jewelry) and financial instruments (such as gold futures, options, and exchange-traded funds). The market operates on numerous exchanges around the world and is influenced by factors such as supply and demand, geopolitical events, economic conditions, and currency fluctuations. Prices in the Gold Market are typically quoted in terms of US dollars per ounce and are driven by investment trends, central bank policies, and consumer demand. The market plays a crucial role in establishing the value of gold as an asset class and is a key indicator of economic stability and investor sentiment.
Gold prices have reached a historic high, surpassing $3,000 per ounce due to increased demand from global uncertainties. Gold ETFs have seen substantial inflows of $10 billion, driven by geopolitical…