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Gold Reports

Gold was among the very first metals to be mined because it commonly occurs in its native form. It is pure, beautiful and lasts for a lifetime since it doesn’t age and hence the metal started to gain value. Because of its exquisite properties, chemical and physical, people started crafting expensive objects made in gold that were worn, cherished and passed through generations. Some on the other hand took gold as something they could invest in as they saw its value appreciating while people started treating it as a precious and valuable find. Not just that, artisans of ancient civilizations lavishly used gold to craft sculptures, lifestyle objects and also to decorate tombs and temples. Even today, archaeologists keep uncovering such finds, some even dating back to more than 5,000 years ago.

Gold, even today remains one of the most precious elements that is found on earth. Its value keeps fluctuating with respect to various geographical, political and economical factors. Geographical factors include the availability of gold mines in a geographical area, whereas political factors like wars and international tensions have a drastic effect on the other hand economical factors like demand and supply also play a major role in determining the rate of gold.

Gold prices edged up slightly after the US Federal Reserve (Fed) raised interest rates by a quarter of a percentage point, with the precious metal’s immediate future linked to expectations of further US rate increases and uncertainty over the war in Ukraine. Gold prices were flat after the Fed raised rates on March 16 as [...]Continue Reading
Surging cases of coronavirus, boosting prospects for emergency economic stimulus measures, are pushing up gold prices despite progress in the international rollout of vaccines. Expectations of further U.S. stimulus measures by the U.S. Federal Reserve (central bank) to assuage the impact of coronavirus on the livelihoods of millions of Americans, combined with optimism over efforts [...]Continue Reading