Is Gold considered a commodity? – Share Market Tips
Answer is YES, gold is a most valuable commodity. Although all of the precious metals have at least some practical uses – from jewelry to industrial applications – gold stands out from the others because its demand is primarily driven by investment and as a store of value.
Gold is not like any other commodity, therefore. Gold has no significant remaining uses as a producer good because equivalent or superior alternatives exist for all of its industrial uses.
Is Gold considered a commodity? < Share Market Tips