- Gold is a highly valuable asset. Gold has always been a highly valuable asset and is often viewed as a safe-haven asset during times of economic uncertainty. This makes gold an attractive option for investors looking to diversify their portfolios.
- Gold is highly liquid. Gold is very liquid, which means it can be traded easily and quickly. This makes gold trading a convenient option for investors.
- Gold trading is easily accessible. Gold trading is easily accessible through many FOREX brokers. This makes gold trading an accessible option for investors of all levels.
Gold also has a number of fundamental factors that affect its price. These factors include:
- interest rate Higher interest rates usually cause the price of gold to fall. This is because gold is considered a higher risk asset.
- Inflation rate Higher inflation usually drives up the price of gold. This is because gold is considered an asset that maintains its value well.
- economic uncertainty Economic uncertainty often drives up the price of gold. This is because gold is considered a safe asset.
These fundamentals make gold trading complex and require a good understanding of the market.
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