Live gold price fluctuate constantly, but why does this happen and how can one time the market so as to make a profit from gold investments?
The price of gold fluctuates constantly due to supply and demand. When there is a great quantity of gold above ground, or when gold output exceeds the amount of gold needed industrially and by investors, the price falls. Additionally, futures contracts and gold derivative markets keep the price of gold in a constant state of flux.
Timing the gold market can be difficult without insider information, and for this reason many investors buy gold with plans to hold it long-term. When inflation forces the dollar to lose value, commodities like gold that are priced in dollars gain value.
Live gold prices are available free online, and it’s recommended that you speak with a reputable financial expert before buying or selling gold.