Gold Price Driven by Supply and Demand Laws

Gold is one of the most widely-traded metal commodities and has many unique properties. It's attractive, highly malleable, durable, and usually found in nature in a relatively pure form.

Unlike other precious metals used for investment, gold has effective safe-haven properties across various countries. The gold spot price is driven by supply and demand laws, with extraction from mines being a time-consuming and expensive activity.

The world's largest producers of gold are China, Australia, Russia, the US, Canada, Indonesia, Peru, and South Africa. However, most of the gold ever mined still exists in an accessible form such as jewelry or bullion, which can be brought back onto the market.