Today, like most commodities, the price of gold is driven by supply and demand including demand for speculation.
However, unlike most other commodities, saving and disposal plays a large role in affecting its price than its consumption.
Most of the gold ever mined still exists and accessible form such as bullying and mass produced jewelry.
With little value over it’s fine weight and is that’s potentially able to come back onto the gold market for the right price.
Want to invest in Commodity?
Do you think gold prices will go up further?
Are you sure that crude oil prices are going to fall?
Have you heard that the soil crop this year is bad and may result in soil prices going up?
If you believe that these predictions have a good chance of coming true, and are willing to bet some money on them, you could try your hand at playing the commodity futures market.
In today’s market, commodities and raw materials are traded including metals such as gold silver and iron and agricultural products such as corn, coffee, rice and wheat.
First thing you need to do is, find your broker to trade with.