The live price of gold is called the spot price. The price of gold changes constantly based on many factors. Gold is bought and sold in virtually every country on the globe today, and it is used in to make a wide array of products. Most people think that gold is only used to make jewelry, but that is not so. It is used in many high tech products, dental items like false teeth, and it is also used to build spectacular pieces of artwork.
Today, gold is still being heavily mined and prospectors are looking for it all of the time, just like they did 100’s or 1,000’s of years ago. A few of the countries that produce the most gold are South Africa, Australia, Russia, Canada, and the United States.
There are so many reasons that the price of gold is constantly changing, that it would take an entire book to list them all. Most people that have been watching the gold market for the past few years, think that gold only increases in value, but that is certainly not the case at all.
Investors and financial institutions will hold more gold in their portfolios when the economy is not growing at the pace they would like. When this happens, there is less gold available for sale and its price increases.
But, when the economy starts to pick up again, those very same investors would rather be in stocks or hedge funds. Now, they start to sell more gold than they are buying, which causes gold’s price to decrease.
Above were just a few very brief reasons why gold is always changing price, there are many more. If you are considering purchasing some gold as an investment, it needs to be fully evaluated like all assets do, against other money making opportunities before you make your final decision.