Good news for yellow metal buyers as Gold price drop, with 24-carat gold witnessing a decline on Wednesday, March 12.
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Yellow metal buyers will have to spend more as Gold price rises, with 24-carat gold witnessing a surge on Tuesday, March 11.
Let’s look at some facts. Fort Knox has 147.5 million ounces, or 4625 tonnes, of gold. Now the treasury only values it at $42.22 ounces — far, far below market value of $3000 an ounce.
Gold prices can be extremely volatile, and that means that gold isn’t an entirely stable investment. In fact, you can easily craft a well-diversified investment portfolio entirely without gold.
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