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    Gold
    2084.54
    +1.8+0.09%)

    Gold

    XAU/USD
    2084.54
    +1.8+0.09%)
    Today
    0.09%
    This Week
    2.49%
    1 Month
    1.49%
    6 Months
    7.42%
    Year to Date
    1.06%
    1 Year
    12.37%
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    Info of Gold

    Gold is a precious metal that has been valued by human civilizations for thousands of years. It is widely used for jewelry, art, and coinage, as well as for industrial and medical purposes. Gold is also a popular financial asset that investors buy and sell to hedge against inflation, currency fluctuations, and market risks.

    One of the main features of gold as an investment is its scarcity and durability. It is highly malleable, ductile, and resistant to corrosion and tarnishing, making it a long-lasting and reliable asset. It has a distinctive yellow color and a high luster. It is also a good conductor of electricity and heat. Gold can be alloyed with other metals to create different colors and hardness. The purity of gold is measured in karats, with 24 karats being pure gold.

    Gold is believed to have formed in the cores of massive stars that exploded as supernovae, scattering gold and other heavy elements into space. Some of these elements were incorporated into the Earth when it formed about 4.5 billion years ago. Most of the gold on Earth sank to the core during the planet's formation, but some remained in the crust and mantle, where it can be mined today. According to the World Gold Council, the total amount of gold mined in human history is about 200,000 metric tons, which would fit into a cube with sides of 21 meters.

    In the economic market, gold has high liquidity, so anywhere in the world, gold is always used for simple, easy buying and selling transactions without worrying about the original value being lost. The development of technology makes buying and selling more convenient and faster than ever.

    The global market value of gold is determined by the supply and demand of the metal, as well as by the expectations and sentiments of market participants. The main gold trading hubs are London, New York, and Shanghai, where gold is traded over-the-counter (OTC) or on futures and options exchanges. Other gold markets include Tokyo, Zurich, Dubai, Hong Kong, Singapore, and Mumbai. The global gold market operates 24 hours a day, seven days a week.

    Gold has various applications in different industries and sectors. Besides jewelry, which accounts for about half of the global gold demand, gold is also used for electronics, dentistry, medicine, aerospace, and glassmaking. Gold is also a key component of many religious and cultural artifacts, as well as a symbol of status and wealth. Gold is also used for gilding and gold leaf, which are thin sheets of gold applied to various surfaces for decoration.

    Gold is an attractive investment option for many reasons. Gold is considered a safe-haven asset that can preserve its value, as well as a hedge against inflation and currency devaluation, as it tends to perform well during periods of economic and political uncertainty and crisis. Gold is also a diversifier that can reduce the overall risk and volatility of a portfolio, as it has a low or negative correlation with other asset classes, such as stocks and bonds. Gold is also a liquid and accessible asset that can be bought and sold easily through various channels, such as bullion, coins, ETFs, CFDs, futures, and options. As an investment option, gold offers many benefits and opportunities for investors of all types and levels.
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