Throughout the centuries, gold has been a valuable and sought-after metal around the world and its price has steadily risen.
Due to its scarcity and restricted annual mining, gold is more valuable than common metals such as iron or copper.
Gold's historical importance as a money and a symbol of wealth and power in numerous cultures as a desirable commodity.
It is often considered an inflation hedge, assisting in the preservation of asset value during periods of rising prices.
It is also well-known material for jewellery and decorations, and consumer demand contributes to drive up gold prices.
Next: Finance: What Is It?
Find out More..