Is Gold considered a commodity? – Share Market Tips

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



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