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Is gold strong

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Anonymous

13y ago
Updated: 12/18/2022

yup gold is strong that's why they used to fill in your teeth with gold its also a good conductor of electricity(:

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Wiki User

13y ago

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Continue Learning about Economics

Why are gold prices so low why are gold prices so low today?

Gold prices can be low due to a variety of factors, including strong performance in the stock market, which often drives investors towards equities rather than safe-haven assets like gold. Additionally, rising interest rates can make non-yielding assets like gold less attractive, as investors prefer higher returns from interest-bearing investments. Economic stability and favorable geopolitical conditions can also reduce demand for gold as a hedge against uncertainty. Lastly, changes in supply and demand dynamics in the global market can further influence gold prices.


What Price of gold may 2009?

In 2009, the price of gold experienced significant fluctuations, starting the year around $850 per ounce and rising to approximately $1,200 per ounce by the end of the year. The increase was driven by factors such as economic uncertainty, low interest rates, and a weaker U.S. dollar, which led many investors to seek gold as a safe haven asset. Overall, gold prices in 2009 showed a strong upward trend compared to previous years.


Why does a gold American Eagle coin sell for more than the regular price of gold?

A gold American Eagle sells above its gold melt value because it carries a premium — covering minting, government backing, U.S.-sourced gold, durability (22 kt alloy), legal‑tender status, strong demand, and collectible appeal. Limited mintage and patriotic appeal further boost its resale and numismatic value over basic gold bullion.


Why do countries have gold reserves?

countries have gold reserves just in case they run out of glittering gold and if they run out of reserved gold there bugered


Gold Is worth 3Million dollars how much is the pounds of the gold?

300 pounds of gold