How is gold priced?
Tuesday, June 5, 2018 - 11:23:03 AM
Why the gold price changes is not always understood by the mining industry, and even investors themselves.
The value of gold is also known to fluctuate for a variety reasons, such as the usual suspects of supply/demand and the movement of global currencies, particularly the US dollar.
With the gold sector being so important to the Australian mining industry, a stronger education on the factors influencing the precious metal would be invaluable to many.
Therefore, Australian Mining provides this infographic from Scottsdale Bullion & Coin, which outlines the many factors that help set the gold price.


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