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Published 8 months ago

What drives gold prices? - Explained! Watch the video & let us know your thoughts in the comments! | → Get FREE GOLD coin when opening a Gold IRA: 👉 

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Like all commodities, the underlying factor that drives the price of this precious metal is supply and demand.

When there’s more supply than demand, prices fall, while more demand than supply means higher prices.

When gold prices are high, miners are eager to capitalize and increase production.

Then when prices fall, miners cut back because it’s more expensive to produce gold, reducing the world’s supply.


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