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Who set the price for gold?

Updated: 8/19/2019
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12y ago

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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.

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12y ago
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Q: Who set the price for gold?
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