Gold, silver, and other precious metals have been used as currency for centuries. They are also seen as a store of value because they tend to hold their value over time.

Many people invest in these metals because they believe that the price will go up. So, what affects the costs of these metals? In this blog post, you will learn about some factors that play a role in setting the latest prices of these metals. These include:

1. Demand and Supply

The law of supply and demand is the most obvious factor that decides and fluctuates the price of a good. If more people want to buy gold than there are sellers, the price will go up. The same is true for silver and other precious metals. The demand for these metals can be affected by many factors, such as economic conditions and geopolitical events. Continue reading →