FACTORS INFLUENCING GOLD PRICES

Renisha Chainani

No 2016-06-13, Working papers from Voice of Research

Abstract: Gold is a finite source and when global economic conditions make gold more attractive, gold demand increases, making the price of gold rise. It is used as a standard of value for currencies all over the world. Gold Price is impacted by production costs, money supply, comfort or discomfort with financial or geopolitical stability, the demand generated by jewelry and industry, value of various currencies and actions taken by central banks. Gold can also be used as hedge against inflation and diversifying tool in hard times. Key words: Gold, Safe-Heaven, Investment, Jewelry, Bullion, Interest Rate, Monetary Easing, Monetary Tightening, Crisis, Geopolitical Tensions, ETF, FED, Correlation

Date: 2016-06
New Economics Papers: this item is included in nep-cse and nep-mac
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