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As with anything the main driver of gold's price is supply and demand. If the supply is low or the demand is high then the price will go up.
Now we have to throw in a third factor, speculation. Gold is sold and traded on the option market and there has been a great deal of gold options traded recently, and that has driven the price up also.
If there were to be a large amount of gold either found or released on the world market then the supply would out strip the demand, options would no longer be sought after and prices would plummet.
In 1972 an ounce of gold cost $58.42, that same ounce of gold today, 2013, is $1221.
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Gold price will increase or not?
It will Increase. If we see the historic demand for gold and the price movement of gold, it has always gone up and it will continue to do so.
Will the gold price increase or decrease in futre in Pakistan?
I do not think that the Gold Price will decrease in future
Will the gold price increase or decrease?
Hope So!!!!!!! try this site its useful http://gold-price-blog.info/
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
What causes an increase in the quantity supplied?
when the price of the commodity increases
Gold price will increase or not?
It will Increase. If we see the historic demand for gold and the price movement of gold, it has always gone up and it will continue to do so.
What are the price trends of gold in Egypt?
The current price of gold in Egypt is showing a trend of increase. As of June 2014, the price of gold is 9,417 Egyptian Pounds per ounce. The increase in price over a month period is 5.31 percent. The price of gold changes daily.
Will the gold price increase or decrease in futre in Pakistan?
I do not think that the Gold Price will decrease in future
What price gold continue to increase?
3500$
Will the gold price increase or decrease?
Hope So!!!!!!! try this site its useful http://gold-price-blog.info/
What causes an increase in the value of an option?
An increase in the market price of the item the option is for.
Will gold price increase?
The yellow gold metal price increase, when the Pure Solid White gold Formula and the U.S. Dollar goes out of the world market and we know that is impossible ! Sincerely: Professional Jewelry.
Who set the price for gold?
Everyone. Gold has no set price, just a market price based on supply and demand. It has to do with the cost of production (Finding it) and the demand. Price is always high, as it is a scarce resource. When we run out of its supply, the demand will increase and the price will increase majorly.
What is caused by a raise in the price of a product?
The raise in the price of a product causes an increase in competition.
What causes an increase in the quantity supplied?
when the price of the commodity increases
what percentage did the price if per ounce gold increase if the price was $513 and it increased $1060?
6 grams
What causes an increase in market supply?
a decrease of price in the cost of raw material.
