The Gold Standard was a monetary system whereby a country based the value of its currency on the amount of gold it possessed. When this system was nullified in 1971, Gold’s price rose sharply from $35 to $850 per ounce in just 10 years.

One of the most sought-after metals in the world, Gold is considered a symbol of wealth among hundreds and thousands of people. The precious metal, which is considered relatively rare, is used for investment purposes, creating jewelry, technology and even medicine.

Trading Gold

  • Several investors have chosen to add Gold to their investment portfolios.
  • When there are political and economic crises, investors turn to Gold as a “safe haven” as its value increases.
  • Gold is not controlled or governed by a central bank and its value cannot be manipulated by policy decisions. The commodity is therefore used as a hedge against other asset classes.
  • Demand for Gold can often be high due to the increasing use of Gold in the electronics industry.
  • The price of Gold is linked to the value of the U.S. dollar. In times of political instability, such as armed conflicts, the greenback devalues, which inversely increases the price of Gold.
  • The same goes with market news from the NYSE or the London Stock Exchange. Gold value reacts positively when there are negative news.

With our latest tools and technology, you can effortlessly trade Gold at Almahfaza. We provide traders with a responsive platform to easily and quickly open and close trades. Traders can also take advantage of Almahfaza’s educational tools and charts that can help making better trading decisions.